Are you a trustee managing an estate in San Diego? Understanding your liability and how to protect yourself is crucial. In this comprehensive guide, we break down the essential aspects of trustee liability and why it's critical to act in the best interests of the estate and its beneficiaries.
Discover the importance of detailed recordkeeping, acting in good faith, and adhering strictly to the trust document. With real-life examples, you'll see how consulting a trust attorney can prevent costly mistakes.
Whether you're new to the role of trustee or have experience managing estates, this video provides essential information to help you fulfill your duties while safeguarding yourself from potential legal and financial risks.
00:00 Intro
01:11 Fiduciary duty
01:57 Personal liability
03:02 Get an EIN number
04:00 Follow the trust document
04:22 Regularly review the trust
04:37 Story time with Jane
06:45 Detailed record keeping
07:29 Outro
Here at Horizon Real Estate we care about helping you, as the estate executor, administrator or trustee. We want you to feel comfortable throughout the probate process, and to help you get the most money quickly from your estate house or trust property.
Kim Ward DRE#01218310
Ashlie Rivera DRE#02042935
Advisors@ProbateAndTrustHelp.com
619.741.0111
___________________________________________________________________________________
Have a probate house or house in a trust and need guidance on how to prepare and sell? Think of this channel as your real estate resource.
If you’re an executor or administrator and want a free copy of my book "What To Do When You’re Responsible For Real Estate A Loved One Leaves Behind" Or, if you’re a trustee and want a free copy of "Exactly What To Expect As Trustee For Real Estate A Loved One Leaves Behind" simply call my office at 619-741-0111.
I’m a full time REALTOR in San Diego, California with Horizon Real Estate. I’m an expert at helping executors, administrators and trustees with probate houses and houses in a trust. A wife, mom to three grown sons and a daughter, plus She-she (that’s my grandma name) to the two cutest, smartest and busiest kids.
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I am NOT a lawyer or tax professional. The presentations reflect my own understanding of the underlying subjects. However, the presentation is based on my professional experience in the field of real estate. The information contained herein should NOT be used as a substitute for the advice of an appropriately qualified and licensed attorney, tax professional or contracted real estate agent/broker. The information provided here is for informational purposes only. You should consult with a professional to seek legal advice regarding your exact circumstances.
If you want to talk with me about San Diego real estate, fell comfortable calling me at 619-741-0111 or email me at KimWard@ProbateAndTrustHelp.com
California DRE license #01218310