Tag Archives: trust lawyers
Can a Trust’s Lawyer Also Act as the Trustee?
CAN A LAWYER WHO SERVES AS TRUSTEE OF A REVOCABLE/FAMILY TRUST ALSO REPRESENT THE TRUST AS LEGAL COUNSEL? Like many legal questions, the answer here is “maybe, depending on facts and circumstances.” Assuming there are no conflicts of interest, or that any conflicts of interest that can be waived have been properly waived by… Read More »
Can a Trust’s Lawyer Receive Distributions of Trust Assets?
A LAWYER’S FEES CAN BE PAID FROM TRUST ASSETS A lawyer who is acting on behalf of a trust in a professional capacity (i.e., as the trustee or as legal counsel to a trust) can be paid from trust assets. The funds in the trust’s bank or other accounts can be used to pay… Read More »
What is a “Professional Fiduciary”?
WHAT IS A PROFESSIONAL FIDUCIARY? Put simply, a professional fiduciary is a person who acts in a fiduciary capacity, as a business endeavor, in exchange for pay. There are numerous laws that define and govern the acts (and qualifications, and definition) of professional fiduciaries; this post will talk only about professional fiduciaries who act… Read More »
