Your trust administration checklist needs to account for the roles of people named in a trust: trustees and beneficiaries 👉 Book a Call at https://www.cunninghamlegal.com/book-... for California trust administration with a top trust administration attorney California.

What is the proper role of a trustee? What are the rules trustees must follow? What are the risks? What role do beneficiaries play? What should a trustee do about assets not held in the trust? What about IRAs, life insurance, annuities, and the like? If you're confused, you don't have to be. Watch this video to answer your Estate Planning questions.

00:00 Intro
00:20 Who does stuff and who doesn't do stuff? Trustees and Beneficiaries
01:14 Trustee vs. Beneficiary: Which is best?
03:21 Where are the rules, what are the rules, when do they apply?
06:01 What does a Trustee need to do?
08:58 Trust Administration Checklist: Typical Sequence of Events
13:24 Duties and Liabilities of Trustees
17:21 What NOT To Do as Trustee
20:37 Record Keeping and Accounting
21:56 Why do people Stop serving as Trustee?
23:09 What Can a Trustee Do about Assets Not Held in the Trust?
24:27 Outro

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