Trustor vs Trustee

The Trustor vs Trustee category clarifies the distinct roles in trust law. You’ll learn that the trustor (or settlor) establishes the trust and transfers assets, while the trustee manages those assets for beneficiaries. Our posts dive into fiduciary duties, decision‑making powers, and liability considerations. You’ll also find guidance on drafting trust agreements, naming co‑trustees, and handling successor appointments. Whether creating a new trust or serving as trustee, these blogs equip you with essential legal insights.

1 post
ByTy Livingston
August 31, 2024

Understanding Trustor vs Trustee: Their Roles, Responsibilities, and Selection Tips

Explore the roles of trustors and trustees in estate planning with real-life applications. Understand their responsibilities within trusts, how accurate asset distribution affects legal standing, and issues arising from acting as both trustor and trustee. The article also provides tips on choosing a trustworthy trustee and discusses the pros and cons of professional trustees.