How to Handle Organ Donation and Autopsy Decisions when Someone Dies
Trust Fund Payment Plans: Intervivos and Testamentary
How to Complete Lines 9–17 of Part 4: 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

blog comments powered by Disqus
Setting Up a Trust in Your Estate Plan
Calculate Decedent, Estate, or Trust Business Income and Capital Gains and Losses
Seek Advice for Complex Schedules on Estate Form 706
How to Determine a Decedent's Domicile
How to Diversify Mutual Funds for a Trust