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Avoiding Pennsylvania Trustee Mistakes Part Ten of Ten

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Avoiding Trustee Mistakes – David M. Frees III

How To Avoid The Most common Mistakes Trustees Make

Failing To Do The Job Of Trustee

by: Pennsylvania Attorney David M. Frees III

This is the last in our series of brief articles about the most common  mistakes trustees make and how to avoid them. It is important to understand the language of the trust, to follow rules such as the Prudent Investor Rule, abiding by the Uniform Trust Act, to seeking professional assistance. Read these very brief articles to get a hold on your job as a trustee and how you can avoid personal liability and lawsuits.

See all ten of our articles on How To Avoid The Most Common Mistakes Trustees Make:

Avoiding Trustee Mistakes No. 1:  Trustees Failing To Understand The Trust Language

Avoiding Trustee Mistakes No. 2: Trustees In Trouble  Making Early Distributions

Avoiding Trustee Mistakes No. 3: Trustees Failing To Follow The Prudent Investor Rule

Avoiding Trustee Mistakes No. 4: Trustees Failing To Follow The Uniform Trust Act

Avoiding Trustee Mistakes No. 5: Trustees Failing to Follow The Principle And Income Act

Avoiding Trustee Mistakes No. 6: Trustees Failing to Communicate Properly

Avoiding Trustee Mistakes No. 7:  Failing to Properly Reform, Amend, or Terminate

Avoiding Trustee Mistakes No. 8: Failing to File Tax Returns Or To Seek Professional Assistance

Avoiding Trustee Mistakes No. 9: Failing To Understand The Role Of Multiple Trustees

Avoiding Trustee Mistakes No. 10: Trustees Failing To Do The Job

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