Moore Law Firm

Moore Law Firm

9949 W. Bell Road
Suite 201
Sun City, AZ 85351
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623-207-9153

What does a trustee do?

When you create a trust in Sun City, you are essentially putting some of your most valuable assets in an account for future distribution. That is why it is so important to make sure that the trustee you assign to manage your trust is reliable and able to effectively manage your property on a daily basis.

Before you decide who will oversee your trust, you should note that there are multiple types of trustees. First, if you have a revocable living trust, you may serve as your own trustee, as the grantor or creator of the trust. If you become mentally incompetent, pass away or otherwise become unable to handle your affairs, the successor trustee will take over all management responsibilities. If you decide to form an irrevocable trust, you may not name yourself as a trustee. You will have to assign an individual, bank or trust company to manage your account. You may even decide to assign more than one person or entity to serve as trustee.

The trustee's job will vary depending on what assets are in the trust. For example, a trustee may be responsible for overseeing bank accounts, managing investment accounts and handling property repairs, tenants and inspections for any rental properties in the trust. A trustee may delegate certain responsibilities to financial advisors, property managers or other professionals, as long as they do their due diligence when involving these parties.

If you assign someone to be a trustee, that person or entity has a fiduciary duty to act in the best interest of the trust's beneficiaries. This means the trustee owes a duty of loyalty to the beneficiary and must exercise reasonable care when dealing with the assets of the trust. They are not permitted to profit at the expense of the beneficiaries, and they must put personal feelings aside when handling the trust.

Source: The Balance, "Types of Trustees and What They Do," Julie Garber, Jan. 8, 2018

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I got the family trust updated.
I was very pleased with the expertise and professionalism exhibited by your staff in serving my needs.

I needed to review my Will, recommended by my son.
Mr. Farrer’s expertise helped me realize that a Trust would better serve my needs.
The staff and Mr. Farrer were very professional and friendly (not cold). Thank you. Very comfortable atmosphere.

Our legal documents were outdated due to time and circumstances.
The staff at Moore Law Firm worked with us to develop a trust and other legal documents which meet our current as well as our future needs.
The staff at moore law firm were so professional, knowledgable and friendly to work with. They worked beyond to accomodate our needs. Thank you all.

Moore Law Firm
9949 W. Bell Road
Suite 201
Sun City, AZ 85351

Phone: 623-207-9153
Phone: 623-207-9153
Fax: 623-977-7237
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