How to List and Value a Decedent’s Small Businesses
Who Can Inherit from an Estate?
Estate Planning First Steps: How Much Is Your Estate Worth?

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

blog comments powered by Disqus
How to Submit a Trust’s Final Income Tax Returns
Personal and Household Property in Trusts
How to Complete Lines 9–17 of Part 4: Estate Form 706
How to Determine All Death Benefits for a Decedent
How to Calculate Estate or Trust Income Distribution Deductions (Schedule B)