Trusts Attorney in Spring, Texas
What advice do you have for executors and administrators?
What advice do you have for executors and administrators?
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00:04
the biggest piece of advice that i have
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for
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executives and administrators and
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trustees or any fiduciary for that
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matter
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is to read the governing document you’d
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be surprised
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when i was a judge i was shocked how
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many times
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an executor or an administrator or
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trustee was on the witness stand
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and they were asked have you read the
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trust
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have you read the will and so
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often they would stumble and say you
00:32
know i’ve read parts of it but i haven’t
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read the whole thing
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and wow you know that was just like a
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crickets moment
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in the courtroom the jury members were
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looking at each other and it was just
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shocking
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and so the biggest piece of advice is
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just get to know that document
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read it backwards and forwards and know
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it well
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so the second piece of advice that i
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would give anyone serving as a fiduciary
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is to understand fiduciary duties
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understand that you have a duty of
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loyalty and care
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you also have a duty of full disclosure
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and it’s important to keep really
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copious
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records with respect to either the
01:12
administration of an estate or the
01:13
administration of a trust
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Spring, TX estate planning & probate attorney Christine Butts shares her advice for executors and administrators.
