Although you are not required to hire an attorney, it is advisable that you do so. As trustee, you have several duties, such as:
- Identify, inventory and protect all trust assets
- Pay taxes
- Notify creditors and pay outstanding debts
- Manage and distribute assets to the beneficiaries
Because your duties as trustee must be discharged in a timely manner and because a trustee may be personally liable or obligations arising from ownership or control of trust property, it is essential that you have knowledgeable counsel to guide you through the administration of the trust.