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Benefits of Setting Up a Trust
How to Submit a Trust’s Final Income Tax Returns
How to Prepare Supplements to Schedule K-1 for Estates and Trusts

10 Common Pitfalls for Estate and Trust Administrators to Avoid

Don't take nonsanctioned shortcuts.

Although you may want to look for ways to reduce your workload, resist the temptation to find an easier route through the administration process. Failure to follow through on any of your responsibilities may open you up to removal as fiduciary, as well as potential lawsuits from any person having an interest.

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