How to Prepare Accounts for Allowance by a Probate Court
DIY or Not: Wills and Estate Planning
Alternate and Special Valuation: Part 3 of Estate Form 706

10 Common Pitfalls for Estate and Trust Administrators to Avoid

Don't exercise poor fiduciary judgment.

As more people have started investing personally, they think they’ve become much more sophisticated and knowledgeable about the entire investment process. And they’ve also become much more likely to comment unfavorably on your handling of the trust or estate’s assets.

As the executor and trustee, you must act prudently and deliberately, seeking advice when you need it, investing the assets wisely, and paying the bills and the beneficiaries when they’re due to be paid.

  • Add a Comment
  • Print
  • Share

Recommends

Promoted Stories From Around The Web

COMMENTS »
blog comments powered by Disqus
How to Deal with Outliers after the Trust Terminates
Does the Estate Need a Special Administrator?
How to Find Resources for Administering an Estate or Trust on Your Own
How to Locate a Decedent's Assets through the Mail
How to Complete Schedule E for Estate Form 706