Q: What are the most common types of mistakes Successor Trustees make?

by | Feb 23, 2022 | Estate Planning, Q&A, Trust And Estate Administration |

A: Probate Code Section 16000 et seq. lays out ALL of the duties trustees have, and there are MANY. Having said that, the most common mistakes made by Successor Trustee are the following: selling assets for below-market value, failing to provide an accounting, self-dealing, unreasonably delaying distributions, failing to follow the trust’s terms, not adquately keeping the beneficiaries informed throughout the process, etc.