Education is a proper purpose of the trust, but perhaps Alice could get as good an education here at half the cost. You should attempt to carry out the intent of the person who created the trust if that can be determined from the trust instrument. You also must consider the assets of the trust, the amount of income, the needs of the beneficiaries and the various other demands the trust might be called upon to meet. This pamphlet can't alert you to all possibilities, but know that you should analyze every distribution for possible problems before paying the money. In certain matters, you may be liable even though your improper action was not intentional or negligent.
Many trustees find errors and omissions insurance worthwhile.
These guidelines cannot tell you everything you need to know about administering a trust. They are intended to alert you to your duties and to impress you with your responsibilities. When you're uncertain about something, consulting with the attorney for the trust may avoid personal liability and the need for more costly legal services later. This pamphlet is published as a public service by the Colorado Bar Association. Its purpose is to inform citizens of their legal rights and obligations and to provide information regarding the legal profession and how it may best serve the community.