How To Avoid The Most Common Mistakes Trustees Make
by: Pennylvania Attorney David M. Frees III
Too many trustees have been sued for failing to properly administer or invest trust assets under Pennsylvania law.
Pennsylvania has recently become more highly regulated from a trustee’s standpoint due to the Uniform Trust Act and The Prudent Investor Rule as well as the Pennsylvania Principal and Income Act.
All of this means more things for trustees to do and more opportunity for error and for lawsuits and personal liability. Sometimes asking for help is the smartest decision you could make.
Read this brief article about why seeking professional assistance can save you time, money, and headaches that a lawsuit could bring.
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