Wednesday, June 08, 2011

How Individual Trustees Botch Things Up

Barron's generously let me read this article for free. Maybe they'll do the same for you. See The Five Biggest Ways To Bungle a Trust.

The five ways?

Three failures:
   …to keep records
   …to diversify
   …to treat current beneficiaries and remaindermen fairly

And two unreasonable expectations::
   The family won't mind if I take a fee
   Nobody will sue me

Marketing trustee services for a bank or trust company? Add this article to your tool kit.

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