If you have been asked to serve as a trustee of a trust account by a family member or friend in the San Fernando Valley, your first concern may be what sort of consequences you could face should you commit an error during the execution of your duties. Many of those that we here at The Law Offices of Alice A. Salvo have worked with who have been named trustees come into the role without any related experience. Fortunately, the California Trust Code recognizes that there may be differences between personal liability and alleged incorrect action performed while fulfilling the role of a trustee.
According to Section 18000 of the California Probate Code, you are generally viewed as not being personally liable for any contracts you may enter into while fulfilling a trustee’s designated fiduciary duties. The same holds true disputes arising from ownership or control of trust property, and even tortious actions committed while administering a trust.