Top Mistakes Fiduciaries Make (Liability Landmines)

The common (but not small) mistakes:

• Not marshaling all of the assets.

• Not determining all of the debt.

• Not disposing of all of the debt.

• Not paying the expenses on time, including the estate taxes owed by the decedent’s estate.

• Making distributions prior to the seven (7) months.

• Paying the decedent’s creditors without confirming the claim(s).

• Not heeding the concerns or needs of the beneficiary(ies) of the estate.