Being named a trustee isn’t just a title, it’s a real legal duty. If you’ve taken on that role, the law expects you to act carefully, stay fair, and carry out the instructions in the trust. If things go sideways, you could be personally responsible.
What the Law Expects From You
Your role starts the moment you accept. You’re now responsible for someone else’s money, property, and final wishes. That means staying neutral, avoiding conflicts, and being fully transparent.
One of the biggest mistakes we see? Trustees mixing their own assets with the trust. Even small slip-ups like using a personal account or forgetting to document a decision can turn into big issues later. Fair treatment, accurate records, and sticking to the trust’s instructions are not suggestions, they’re required.
What Trustees Need to Handle
There’s a lot to manage, and you don’t have to do it all alone. Still, some duties are non-negotiable:
- Keep trust assets in separate accounts, no mixing with personal funds
- Track every dollar coming in or out
- Share clear reports with beneficiaries when required
- Protect property through insurance or smart decisions
- Speak up if a co-trustee is off track
You can bring in help (like a financial manager), but you still need to stay involved. Handing off decisions without oversight can cause trouble down the line.
Questions? We’re Here for You
At Price Law Firm, we help trustees throughout California feel confident in the role whether you’re just starting or facing a tough decision. If something’s unclear or you want peace of mind before moving forward, reach out. We’re here to help you stay on track. Call our Redlands office at 909-328-7000 or our Riverside office at 951-425-4000.
