When a loved one passes away, their assets may need to go through probate or be managed through a trust. In Catalina Foothills, Arizona, the person responsible for handling the trust is called a trustee. Knowing what a trustee does can make the process much easier for families during a difficult time.
What Is a Trustee?
A trustee is someone chosen to manage and protect the assets placed in a trust. They follow the instructions written in the trust document and ensure that everything is done according to the law and in the best interests of the beneficiaries — the people who will receive the assets.
The Role of a Trustee in Probate
Even with a trust, some parts of the probate process may still apply. In Catalina Foothills, the trustee plays an important role in making sure everything runs smoothly and legally.
Here are the main responsibilities of a trustee:
- Managing assets – The trustee secures and organizes all financial accounts, property, and personal items in the trust.
- Paying debts and taxes – Before distributing assets, the trustee ensures all obligations are settled.
- Keeping records – They maintain accurate records of every transaction and communication.
- Distributing assets – Once all payments are made, the trustee transfers assets to the beneficiaries.
- Communicating with family members – The trustee keeps beneficiaries updated throughout the process.
Why the Trustee’s Role Matters
The trustee has a fiduciary duty, meaning they are legally responsible for acting in the best interest of the beneficiaries. Poor management or dishonesty can lead to legal consequences. That’s why it’s crucial to choose someone dependable and familiar with Arizona probate and trust laws.
Work with a Catalina Foothills Realtor Who Understands Probate
If the estate includes property, having the right Realtor makes a big difference.
Ryan Comstock, a trusted Realtor with eXp Realty, has experience helping families in Catalina Foothills, Arizona navigate the sale or management of probate and trust properties.
He can help you with:
- Valuing and preparing the home for sale
- Coordinating with attorneys and heirs
- Handling paperwork efficiently
- Making the process smooth and stress-free
📞 Phone: 520-261-4669
📧 Email: ryancomstock@ryancomstock.com
🌐 Website: www.ryancomstock.com