Episode 151 - Protection For a Trustee Against Personal Liability

Published: Feb. 24, 2009, 11:13 p.m.

<!--\n /* Font Definitions */\n @font-face\n\t{font-family:"Cambria Math";\n\tpanose-1:2 4 5 3 5 4 6 3 2 4;\n\tmso-font-charset:0;\n\tmso-generic-font-family:roman;\n\tmso-font-pitch:variable;\n\tmso-font-signature:-1610611985 1107304683 0 0 159 0;}\n@font-face\n\t{font-family:Calibri;\n\tpanose-1:2 15 5 2 2 2 4 3 2 4;\n\tmso-font-charset:0;\n\tmso-generic-font-family:swiss;\n\tmso-font-pitch:variable;\n\tmso-font-signature:-1610611985 1073750139 0 0 159 0;}\n /* Style Definitions */\n p.MsoNormal, li.MsoNormal, div.MsoNormal\n\t{mso-style-unhide:no;\n\tmso-style-qformat:yes;\n\tmso-style-parent:"";\n\tmargin:0in;\n\tmargin-bottom:.0001pt;\n\tmso-pagination:widow-orphan;\n\tfont-size:12.0pt;\n\tfont-family:"Times New Roman","serif";\n\tmso-fareast-font-family:Calibri;\n\tmso-fareast-theme-font:minor-latin;}\n.MsoChpDefault\n\t{mso-style-type:export-only;\n\tmso-default-props:yes;\n\tfont-size:10.0pt;\n\tmso-ansi-font-size:10.0pt;\n\tmso-bidi-font-size:10.0pt;}\n@page Section1\n\t{size:8.5in 11.0in;\n\tmargin:1.0in 1.0in 1.0in 1.0in;\n\tmso-header-margin:.5in;\n\tmso-footer-margin:.5in;\n\tmso-paper-source:0;}\ndiv.Section1\n\t{page:Section1;}\n-->\nThis week on Hull on Estates, Craig Vander Zee and Bianca La Neve discuss protection for a trustee against personal liability. There are variety of ways that protection is afforded to a trustee against liability, such as exculpatory clauses in trust documents, various provisions of the Trustee Act, passing of accounts, and releases by beneficiaries and/or third parties. Feel free to send us an email at hull.laywers@gmail.com or leave us a comment on the Hull on Estates