Trusts Attorney in Spring, Texas

What advice do you have for executors and administrators?

Spring, TX estate planning & probate attorney Christine Butts shares her advice for executors and administrators.

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00:04
the biggest piece of advice that i have
00:06
for
00:07
executives and administrators and
00:08
trustees or any fiduciary for that
00:11
matter
00:12
is to read the governing document you’d
00:14
be surprised
00:16
when i was a judge i was shocked how
00:18
many times
00:19
an executor or an administrator or
00:21
trustee was on the witness stand
00:23
and they were asked have you read the
00:26
trust
00:27
have you read the will and so
00:30
often they would stumble and say you
00:32
know i’ve read parts of it but i haven’t
00:34
read the whole thing
00:36
and wow you know that was just like a
00:38
crickets moment
00:39
in the courtroom the jury members were
00:42
looking at each other and it was just
00:43
shocking
00:44
and so the biggest piece of advice is
00:46
just get to know that document
00:49
read it backwards and forwards and know
00:51
it well
00:52
so the second piece of advice that i
00:54
would give anyone serving as a fiduciary
00:56
is to understand fiduciary duties
00:59
understand that you have a duty of
01:01
loyalty and care
01:03
you also have a duty of full disclosure
01:06
and it’s important to keep really
01:08
copious
01:09
records with respect to either the
01:12
administration of an estate or the
01:13
administration of a trust

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