The Power of a Trustee to Delegate Responsibilities

by Annemarie Schutte

Power to Delegate Responsibilities

Did you know that if an outsider makes a decision with your trustees, he/she will be seen as an alternate trustee which poses a serious risk to the validity of that decision and the protection and benefits of the Beneficiaries?

It is very important to know the difference between a Trustee and an Agent when it comes to your trust - who can do what? Annemarie Schutte explains this important distinction (and dangers that go with it) in this week's article.