Are you managing a trust to help fund a child's education? Are you the trustee for your mother's trust fund, working to make sure she gets her bills paid? Your work as a trustee is incredibly important, but it's a part-time job without any on-the-job training How do you learn how to do a job when there is no one there to teach you? Trustee University is a readable, accessible guide for family trustees, teaching you how to manage your trust without all the legalese Trustee University covers everything a family trustee needs to know to effectively manage a trust fund. Whether it's a beneficiary's question about what his trust can pay for or an accountant's questions about trust expenses, Trustee University guides you towards being the trustee you need to be. Author Philip J. Ruce-an attorney and former professional trustee-walks you through trust basics using easy-to-understand examples and diagrams. From the basic question of "what is a trust?" to the complexities of a trustee's legal duties, Trustee University teaches you everything you need to know about managing a trust fund. Trustee University is packed with all the information you need, such as: What you need to ask every time a distribution is made to a beneficiary; What you need to know about every tax, investment, or legal professional who works on the trust; The legal duties every trustee must follow; Common problems and how to spot them before they cause trouble; Free forms to help you set expectations with the trust beneficiaries so your family relationships remain strong."