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Benefits of Setting Up a Trust

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.

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