Faegre Baker Makes Available Their Checklist: Helping Trustees Avoid Liability — The Duty of Record Keeping and Identification of Trust Property

Faegre Baker LLC has made available for download their checklist for helping trustees avoid liability. According to Faegre Baker,

The duty of record keeping and identification of trust property requires that a trustee maintain the material information necessary to protect the beneficiaries’ interests. Not only is maintaining the records its own duty, but it is the prerequisite for the duty to inform and report.

Download the full checklist by clicking Faegre Baker Makes Available Their Checklist: Helping Trustees Avoid Liability — The Duty of Record Keeping and Identification of Trust Property.

Posted by Jessica Zhang, Associate Editor, Wealth Strategies Journal.

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