Trusts Attorney in St. Louis, Missouri
I’ve been named a trustee. Should I hire a lawyer to guide me?
I’ve been named a trustee. Should I hire a lawyer to guide me?
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00:04
i think it’s important to speak with an
00:05
attorney after someone has been named a
00:07
trustee
00:08
again the state the state of missouri
00:10
has certain requirements for a trustee
00:14
and those could involve a notification
00:16
to the beneficiaries or providing
00:18
notification to
00:19
possible creditors that are out there
00:21
and if those
00:23
requirements aren’t met then the trustee
00:25
is left with either paying the bills
00:28
that weren’t paid through the trust
00:29
administration or paying taxes so it’s
00:32
basically a process that you want to to
00:35
comply with the statutory requirements
00:37
or else the trustee is liable for
00:40
whatever didn’t get done so you
00:41
certainly want to have a lawyer just
00:43
advise you at least the requirements and
00:45
and then
00:46
understand what your obligations are
00:48
it’s protect the trustee
00:50
and in that role
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St. Louis, MO estate & probate attorney Alicia Albus explains what to do if you’ve been named as a trustee.
