How To Avoid The Most Common Mistakes Trustees Make
Failing To Follow The Prudent Investor Rule
by: Pennsylvania Attorney David M. Frees III
Are you a trustee of a Pennsylvania trust?
Do you want to avoid personal liability and lawsuits?
If you answered yes to either of these questions you will want to read the series of brief articles for Pennsylvania trustees on the Most common Mistakes that Pennsylvania Trustees Make And How To Avoid Them.
Too many trustees have been sued for failing to properly administer or invest trust assets under Pennsylvania law such as failing to follow the Prudent Investor Rule.
Read this article about what the Prudent Investor Rule is and how to follow its rules and regulations so you can avoid the headache, money, and time a lawsuit can bring.
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
