Maybe someone has asked you to be a successor trustee of their revocable trust (i.e. a fiduciary), but you're not sure what this really means. There are actually quite a lot of duties and responsibilities, which I'll be explaining in this video.

Plus, I'll also describe the 8 main types of fiduciary roles (hint: a successor trustee is just one of these roles!). It's important to understand all of this so you can decide if you are ready or even want to take on these duties.

00:00 Introduction
0:36 Fiduciary/Trustee Overview
1:50 8 Types of Fiduciary Roles
4:56 Responsibilities of a Trustee
8:07 Overseeing Finances


✅ Please Subscribe to my channel I put out a new video every week →
   / @ellencookmanestateplanningsnt  

✅ Download the Estate Planning Webinar
https://cookmanlaw.com/estateplannin...

✅ FREE Parenting When You’re Gone Guide
https://cookmanlaw.com/estateplannin...

✅ Download the Limited Conservatorship Webinar
https://cookmanlaw.com/limitedconser...

✅ Schedule Call with Intake Team
https://cookmanlaw.com/talktointake....

Follow me on Social Media
Facebook:   / cookmanlaw  
LinkedIn:   / ellencookmanjdllm88728b12  
Website: https://cookmanlaw.com/
Newsletter: https://cookmanlaw.com/clblog/

Looking forward to connecting!
Please call or text with any Estate Planning questions: (650) 6902571

The content of this YouTube channel is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this YouTube channel for legal advice. Viewing this YouTube channel is not intended to and shall not create an attorneyclient relationship between you and Ellen Cookman or Cookman Law, PC. Messages or other forms of communication that you transmit to this YouTube channel will not create an attorneyclient relationship and thus information contained in such communications may not be protected as privileged. Neither Ellen Cookman nor Cookman Law, PC makes any representation, warranty, or guarantee about the accuracy of the information contained in this YouTube channel or in links to other YouTube channels or websites. This YouTube channel is provided "as is," and does not represent any outcome or result from viewing this channel. Your use viewing of this YouTube channel is at your own risk. You enjoy this YouTube channel and its contents only for personal, noncommercial purposes. Neither Ellen Cookman, Cookman Law, PC, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.

© 2022 Cookman Law. All rights reserved.

#estateplan #trustee #fiduciary #ellencookman