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You've been named the trustee of a trust; now what? Because the use of trust agreements has become very popular since the 1980s, more and more people find themselves in the role of acting as a “trustee”. The duties, roles, and obligations of a trustee are several, and trustees owe a high duty of care to the beneficiaries of the trust.
Under Nevada Law, Trust Estates are not subject to the probate process; however, Nevada does have a trust administration process in its state laws. As a trustee, it is very important that you become educated on your rights and responsibilities in order to avoid the risk of any liability.
Whether you need assistance with details of administration, defense or prosecution of litigation for claims related to the trust, or simply a better understanding of your role, contact Harvey Law Firm to Schedule a consultation today.