Maintaining Trust: Keeping the Peace Between Trustees and Beneficiaries

At the heart of any trust relationship lie two key roles: the trustee, who is responsible for managing assets, and the beneficiary, who stands to gain from those assets. With money in the equation, these roles can often interact in complex ways, leading to potential friction and conflict. How can both parties ensure a smooth and harmonious relationship?
Board-certified Tax & Estate Planning Attorney John Strohmeyer breaks down the nuances of this relationship and gives some tips for both sides to preempt and overcome trustee-beneficiary conflicts.
---------
Strohmeyer Law is a law firm based in Houston, Texas, specializing in tax law, estate planning, and probate law.
Nothing in this video is specific legal advice for you. Watching or commenting on this video doesn't create an attorney-client relationship.
For more information, visit: www.strohmeyerlaw.com
Instagram: strohmeyerlawpllc

[@jamiecallahan1296]

What if Uncle Joel is also a Beneficiary and runs the Trust to his benefit over the interests of other beneficiaries?

[@strohmeyerlawpllc]

No clear answer as it depends on the trust. Uncle Joel probably shouldn’t be doing that if he’s not the only beneficiary. But if he’s the only beneficiary, it may be appropriate. You’ll need to talk to your own advisor about your specific situation.