New Jersey Trust Lawyer Christine Matus Explains the Essential Attributes of a Trustee
Nov 17, 2022
November 17, 2022 - /PressAdvantage/ - New Jersey trust lawyer Christine Matus (https://matuslaw.com/choose-trustee-6-essential-attributes/) releases a new article explaining the essential attributes of a trustee. The lawyer mentions that it is very important for an individual to choose the right trustee because they have the power to handle the person’s trust in the future. The trustee will have to deal with the beneficiaries and loved ones, so they have to be as trustworthy as possible.
“There will be many competing interests in your trust. Your trustee should be able to balance these interests in a way that will benefit the beneficiaries and ensure the longevity of your trust if that is your ultimate goal. Of course, this role requires a great deal of integrity because recipients may be unable or unwilling to perform an additional check on whether the trustee is fulfilling his or her obligations. Using someone you can trust is absolutely vital,” the New Jersey trust lawyer says.
The lawyer explains that another important attribute of a trustee is their ability to take on responsibility. Because trusts can last for many years, being a trustee can also be a long-term commitment. This role can take significant time and effort, especially if the trust is complicated. Speaking with the potential trustee is very important to ensure that they are ready to take on this responsibility.
Attorney Christine Matus adds that a trustee should also be business savvy. Trusts can require additional financial or investment expertise to carry out their purpose. This is why it is important for a trustee to have enough knowledge of the concepts involved in this process in order to provide professional help to the beneficiaries. Especially if the trust involves a business, it is crucial to keep in mind that a trustee must have adequate knowledge about how businesses work.
In the article, attorney Matus says, “The trust document will lay out all of your specific wishes and desires for your trust. It will require a close read and careful eye to ensure that all of your instructions are carried out to a tee. Therefore, being detail oriented and willing to follow instructions is essential for the person in the trustee role.”
Lastly, attorney Matus closes the article by explaining that one might still need a will even if they have a living trust. A will is needed especially if there are minor children or if they still have other properties they didn’t put in the trust.
About The Matus Law Group
The Matus Law Group has a team of estate attorneys who are committed to helping families and individuals in real estate transactions in New Jersey and New York. Through a team approach, they work hard to help their clients with their estate planning needs. Call The Matus Law Group today at (732) 785-4453.
###
For more information about Matus Law Group - Monmouth County, contact the company here:
Matus Law Group - Monmouth County
Christine Matus
(732) 785-4453
[email protected]
Matus Law Group - Monmouth County
125 Half Mile Rd Red Bank, NJ 07701
ReleaseID: 60056133
More News
Trump Offers Putin Economic Relief in Hopes That Russia Will Return the Favor
The Trump administration is ignoring the will of Congress and waiving new Russia sanctions amid fears that high energy prices will cost Republicans in next month’s elections.
How day of protests unfolded as disorder breaks out across France
Demonstrations across the country turned violent, with cars and buildings set alight and shops ransacked.
M.L.B. Playoff Ads With Sydney Sweeney and Megan Fox Draw Backlash
Commercials promoting a gambling platform and endorsing male enhancement have rankled fans, and even athletes. Who is in charge?
Weak Links Start to Show in A.I. Borrowing
Debt trouble at CoreWeave, Oracle and SoftBank raises questions about whether there are broader problems with the data center build-out.
The Reporter Who Exposed Elizabeth Holmes on Nathan Fielder’s Documentary
Ms. Holmes handed the makers of “You Can See Everything” — and the rest of the world — a microscope with which to observe and dissect her lies.
Can Cereal Be Healthy? Big Companies Are Trying.
As more Americans turn away from the snap, crackle and sugar, the industry is trying to capitalize on our current obsession with wellness.
Low-cost clinic helps pet owners with vet bills
RSPCA Medway West launches its clinic for the pets of people with low incomes.
APEC 2026: 30 days to go until Shenzhen hosts world leaders
APEC 2026: 30 days to go until Shenzhen hosts world leaders
Angola's fuel subsidies spending projected to hit $4 billion in 2026
Angola could spend as much $4.16 billion on fuel subsidies this year, almost twice its initial projection, a senior finance official told Reuters on Friday.
States Are Stepping Up as the New Antitrust Enforcers
With the Trump administration taking a relaxed approach, attorneys general around the country have ramped up their scrutiny of mergers.
Corporate Tax Revenue Falls Even as Profits Soar Under Trump
The annual decline was about $70 billion. Companies are writing off billions in A.I. investments, taking advantage of tax cuts that President Trump signed into law.
It’s Time to Shop Medicare, and This Year, It’s Extra Important
Be sure to read your mail this fall — big changes to prescription drug plans and Medicare Advantage provider networks are coming, and could cost you more.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.