TRUSTEE REPRESENTATION & DUTIES

​Being named a trustee, whether for a family member's trust or as a successor trustee, comes with real legal responsibilities. Trustees are held to a fiduciary standard, meaning they must act in the best interests of the trust's beneficiaries, manage assets prudently, and follow the terms of the trust document.

How We Help Trustees:

• Explaining the trustee's duties under Colorado law and the terms of the specific trust
• Assisting with the initial steps of trust administration, including notifying beneficiaries
• Helping value and manage trust assets
• Preparing required accountings and reports for beneficiaries
• Advising on distributions and how to handle discretionary decisions
• Helping resolve questions or disputes before they escalate

Trustees who understand their obligations, and who document their decisions appropriately, are far better positioned to avoid disputes and personal liability. We provide practical, step-by-step guidance throughout the administration process.

Get Guidance as a Trustee

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Beck, Payne, Frank & Piper, P.C.,  Suite 200, The Marketplace, 3025 S. Parker Road, Aurora, Colorado 80014
tel: 303-750-1567 • fax: 303-750-7530 • [email protected] • www.beckpayne.com