Being named a trustee is an honor, but it also comes with significant responsibilities that can feel overwhelming at first. As a trustee, your primary duty is to preserve and manage trust assets, ensure proper distributions according to the trust’s terms, maintain clear financial records, and communicate regularly with beneficiaries. You must remain impartial, especially when multiple beneficiaries are involved, and be aware of any special provisions, such as those in Special Needs Trusts.
Trusts are legal entities that may require tax filings and professional oversight, but you’re not expected to navigate it all alone. At Rudman Winchell, in partnership with Maine Fiduciary Services, we offer expert legal support and professional trust administration services to help you confidently fulfill your role and honor the intentions of the trustor.
Navigating trustee responsibilities can be complex, but you don’t have to do it alone. At Rudman Winchell, our attorneys are here to provide you with expert legal services, in combination with our affiliate, Maine Fiduciary Services (MFS), who offer professional guidance in trust administration duties.
