Trustee Duties
Learn about trustee duties and responsibilities when managing a trust. Understand fiduciary obligations, record-keeping requirements, and common trustee mist...
What happens if a trustee doesn't follow their duties properly?
Trustees who breach their fiduciary duties can face serious consequences including personal liability for losses, removal from their position, and potential legal action from beneficiaries. Common breaches include mixing trust assets with personal funds, failing to keep proper records, or making investments that benefit the trustee rather than beneficiaries. Beneficiaries can petition the court to remove an unsuitable trustee and seek damages for any financial harm caused by the trustee's misconduct.
