What To Do if the Trustee Says You Owe Money to the Estate
If you have been named as a trustee in a will, you may be wondering what to do if the trustee says you owe money to the estate. Here are a few things to keep in mind:
First, it is important to understand that as trustee, you have a fiduciary responsibility to the beneficiaries of the estate. This means that you must act in their best interests, and must not take any actions that would benefit yourself or any other party at the expense of the beneficiaries.
If the trustee says you owe money to the estate, it is important to get clarification on why this is the case. There may be valid reasons for this, such as unpaid debts or taxes owed by the deceased. However, if there is no clear reason why you owe money to the estate, you may want to seek legal advice before taking any further action.
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