Originally Posted by
kry226
I'm sure someone more law-proficient may come along and clarify or correct, but a lawyer also explained it to me as an extra layer of protection from liability. For example, if something is done negligently with an item the trust owns, and harm is caused, only the trust itself is liable. I am sure there are state-to-state variances and I am in no way trying to say that there aren't other penalties or personal culpability that can be placed on a trustee, but a certain amount of protect does exist. YMMV.