What duties does a trustee take on when accepting a trusteeship? | NC

About this video

Q: What duties does a trustee take on when accepting a trusteeship? A: When someone accepts a trusteeship, they move from being a candidate to being a fiduciary — meaning they must act for the trust and its beneficiaries, not for themselves. Under North Carolina law, the trustee must administer the trust in good faith, follow the trust’s terms, and obey applicable law. The trustee must take…