Episode 151 - Protection For a Trustee Against Personal Liability

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

b'<!--\\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'