Professional Trustee: What Is It and Should I Use One?

fiduciary, agent carefully reading business papers in officeIf you have created a trust, you have likely appointed yourself or someone close to you as your trustee. Many people do this, and there are advantages. However, there are situations in which it can be to your benefit to appoint a professional trustee in California to oversee your estate. At Keyes Law Group, our San Jose, CA, trust attorney will help you understand every matter in your trust, including what a professional trustee does and why you should have one.

What Is a Professional Trustee?

When it comes to managing a personal trust, a professional trustee can play a critical role. This trustee can be either an individual or an organization, commonly referred to as a “Fiduciary,” which is responsible for ensuring that the trust is managed effectively and that the interests of the beneficiaries are protected. It is important to note that the appointed professional trustee must not be a trust beneficiary, which ensures that they remain unbiased and impartial when making decisions regarding the trust.

When deciding how to find a professional trustee, you will want to look for a legal organization with experience in various areas. These include last wills and testaments, revocable trusts, power of attorney, and property transfers. A legal firm will have the experience, resources, and professional team to manage your trust effectively.

What Are the Duties of a Professional Trustee?

Professional trustees can have varying responsibilities, depending on the trust’s specifics and the beneficiaries’ needs. However, there are some fundamental duties that trustees are typically responsible for. The following are some general duties that a trustee is often required to perform in the course of their work:

Further, a professional trustee’s responsibilities could include resolving beneficiary disputes, overseeing various business interest, and communicating status with beneficiaries.

When Should You Use a Professional Trustee?

Many people often choose a close friend or family member to act as their trustee. However, there are several reasons why it is in your best interest to hire a trustee. These include:

If you are looking for a professional trustee in California, you need someone or an organization with both experience and compassion to handle your trust.

Choose the Right San Jose Trust Attorney

Estate planning can be complex and overwhelming, but with over 10 years of experience, Keyes Law Group is well-equipped to help you navigate the process. Our team is dedicated to creating personalized estate plans that meet your needs.

We offer a range of services, including wealth planning, family transfers, dynasty trusts, and conservatorships. Additionally, we can assist with probate issues, special needs trusts, and elder law matters. With a San Jose trust attorney from Keyes Law Group on your side, you can have peace of mind knowing that your best interests are always at the forefront. Contact us today to learn more about how we can help you plan for the future.

CLIENT TESTIMONIALS

"I have had the pleasure of working with the Keyes Law Group these past months. To date, Mr. Keyes has been a great asset to our family; helping to plan a trust and the appropriate tax strategies for us and the next generation. What has worked very well for my wife and I is the time Mr. Keyes has devoted to not only hearing our financial planning concerns, but to also take the necessary time to explain and offer options for us to consider. We have worked with tax attorneys and financial consultants over the years. For us, a successful relationship is one of the key factors that we strive for. Working with the Keyes Law Group has been a very good fit for us as we work to get our financial affairs in order." -- RY
"I can’t say enough great things about Keyes Law Group! They are thorough, caring, and extremely efficient! I send everyone I know to them for Estate Planning! They took such great care of my family and they have earned my business forever! Look no further than Keyes Law Group if you want a seamless process and to cover all bases for your estate! They aren’t just Estate Attorneys; they are family!" -SL
"The patience with helping us achieve our goal and the patience in breaking down the legalese into simple language that we could understand was very beneficial. We felt we were very well taken care of." -GR
"We truly appreciate your thoughts, ideas and time. I very much value your expertise and look forward to more dialogue about best ways to move forward, build healthier relationships with our children and their children and to pass on our values to the degree we are able." -R.Y.
"I was able to have a honest dialog with such an understanding, compassionate, and caring human being. Thank you." -Y.H.
"I've had the opportunity to work with Elijah for several years now. I started during a challenging situation with my mother and he was terrific. I'd say he's very responsive, reliable and exceptionally fair. Also very empathetic. It's refreshing to engage with him and feel that I'm being well taken care of and my needs are being met. His staff is also lovely and overall super accommodating." -I.S.
"It is very important to research and choose wisely when looking for an estate planning attorney. Did you know that the California State Bar Board of Legal Specialization has a unique recognition for attorneys who go beyond the regular requirements to practice Estate Planning? Elijah Keyes has this designation; Certified Estate Planning Specialist. He is extremely well versed with this specific area of law and is a strong advocate for his clients in estate planning, including establishing living trusts, wealth planning and family transfers, dynasty trusts, conservatorships, special needs trusts, elder law medi-cal benefits and planning, trust administration and probate. Thank you Elijah, for being a trusted resource for us and for our clients!" -M.H.
"Keyes Law Group helped our family through a very difficult time with estate planning. He's honest, transparent and genuinely cares about his clients. His own personal experiences have shaped his approach in working with people - especially older folks who might be more mistrusting. He can finesse difficult conversations with ease and for that, I'm forever grateful. 100% recommend!" -Y.V.
"Elijah was very helpful with editing our family trust after my wife passed away. He answered all my question in a timely manner and if he did not know the answer he found out quickly. He would take time out of day to reassure me that he had everything under control. He took his time to explain why he worded the trust the way he did and that I understood what it meant. Will use him again when the trust needs to updated." -D.

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