What is an important duty of a trustee?

The important duty of a trustee is to manage trust assets according to the trust document. A trustee is responsible for adhering to the terms set forth in the trust agreement, which includes the obligation to act in the best interests of the beneficiaries while following the specific instructions and provisions outlined in the trust. This may involve making decisions regarding the investment of assets, distribution of income or principal, and ensuring that the trust is managed prudently and in compliance with applicable laws and regulations.

By operating according to the trust document, the trustee ensures that their actions align with the intent of the grantor and protects the beneficiaries' rights and interests. This fiduciary duty requires a high standard of care and loyalty, emphasizing the importance of transparency and accountability in managing the trust.