Understanding the Duties of a Trustee in an Irrevocable Trust in San Mateo CA Welcome to the world of trust management in beautiful San Mateo, CA! If you find yourself stepping into the role of a trustee for an irrevocable trust, it's important to understand the duties and responsibilities that come with it. Being a trustee involves more than simply holding onto assets for beneficiaries; it requires careful oversight, financial management, and adherence to the terms of the trust. Let's delve into the specifics of what it means to be a trustee in an irrevocable trust in San Mateo, CA.


Responsibilities of a Trustee in an Irrevocable Trust
Being a trustee in an irrevocable trust in San Mateo CA comes with essential responsibilities that must be carefully carried out. Firstly, the trustee is responsible for managing the assets held within the trust for the benefit of the beneficiaries. This includes making investment decisions, overseeing property or business interests, and ensuring that the trust’s assets are being properly maintained and protected. The trustee must act in the best interests of the beneficiaries at all times, putting their needs above their own.

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Duties and Liabilities of a Trustee in San Mateo CA
Being a trustee in an irrevocable trust in San Mateo CA comes with important responsibilities. The trustee is entrusted with managing the assets in the trust for the benefit of the beneficiaries. This includes making investment decisions, distributing income, and handling any administrative tasks related to the trust.

One key duty of a trustee in San Mateo CA is the duty of loyalty. This means that the trustee must always act in the best interests of the beneficiaries and avoid any conflicts of interest. The trustee is also responsible for keeping accurate records, providing regular updates to the beneficiaries, and following the trust terms set forth in the trust document.

In terms of liabilities, a trustee can be held personally liable for any losses incurred due to their negligence or breach of fiduciary duty. If a trustee fails to properly manage the trust assets or acts in a self-serving manner, they can be subject to legal action and may have to reimburse the trust for any losses suffered as a result of their actions.


Understanding the role of a trustee in an irrevocable trust is crucial for ensuring the smooth administration of the trust. At Wiggs Law, we have extensive experience in trust and estate law. You can learn more about our services here and contact us for assistance.

Understanding the duties of a trustee in an irrevocable trust is crucial for ensuring the proper management and distribution of assets. If you are in San Mateo, CA and in need of legal guidance regarding trusts, the Law Offices of Geoff Wiggs are here to help. Contact us at (650) 577-5952 or visit our website at www.wiggslaw.com to schedule a consultation. With expertise in serving nearby areas such as Burlingame, Foster City, and Redwood City, we are dedicated to providing the support and expertise you need for all your trust-related matters. Follow us on social media platforms like Facebook and LinkedIn to stay updated on legal insights and services in San Mateo and beyond.
Setting Up An Irrevocable Trust