Most Americans who are asked to be a trustee are unaware of the trustee’s duties and need a quick summary of what is required of them. They want to do a good job and need to know how to do that.
Orem, Utah (PRWEB) March 01, 2014
LegaLees announces a new article by Attorney Lee R. Phillips entitled, "What are Trustee Duties?.” Being asked to serve as a trustee for an estate plan can be daunting, but it is also a compliment and opportunity to help fill this need for someone you are close to. This article was written to give a quick summary the trustee duties and responsibilities.
In the article, Attorney Phillips defines what a trustee is and discusses twelve of the most critical trustee duties and responsibilities. He observes, “Most Americans who are asked to be a trustee are unaware of the trustee’s duties and need a quick summary of what is required of them. They want to do a good job and need to know how to do that. The summary needs to be quick and to the point because. Let’s face it everyone is busy with their own lives.”
LegaLees is the publisher of Attorney Lee Phillips self-implementation course Accumulation and Preservation of Wealth. This home study course addresses everything folks need to take care of their estate planning and put an effective estate plan in place. It is full of practical legal tools and line-by-line instructions on how to use them. Trustee’s duties and responsibilities are covered at length in this course.
Mr. Phillips serves as a counselor to the Supreme Court of the United States. He is the author of 11 books, including his latest,Protecting Your Financial Future. He has written hundreds of articles for professionals, assisting them in finding various strategies to use the law to protect their property, save taxes and make additional money. Through his writing and addresses at thousands of business seminars, he enjoys helping people apply the law to provide asset protection and estate planning, and also how to use it to structure businesses and save taxes, helping individuals achieve success.
LegaLees was founded in 1982 by Lee R. Phillips. It is a legal self-help publishing company. It produces products designed to help people understand the law. Mr. Phillips realized through his own personal experience that people needed to be able to understand how the law works so they can direct the legal professionals they work with. He also saw that people who want to do their own legal work need to be shown how, rather than simply handed a fill-in-the blank form. LegaLees has designed many products to help individuals structure their personal and business affairs. All of the products help the clients protect assets and prevent the legal disasters that can strike at any time.