Video: Trustee accounting and investment issues, January 2019
In this segment of their ongoing video series, Ray Prather of Prather Ebner LLP discusses how a trustee’s lack of accounting and investment knowledge could be detrimental to beneficiaries.
For example, leaving money in a checking account versus investing it can be an expensive mishandling of assets. Trustees should be particularly aware of two areas:
- Investing trust property
- Accounting to the beneficiaries.