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Tips From the Pros: Dealing With a “Bad” Trustee

Charles A. Redd discusses options to handle a trustee’s deficiencies.
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Unfortunately, some trusts, even when the administrative and dispositive provisions are well-designed, fail to operate as intended because the trustee lacks the ability to be an effective fiduciary. The trustee’s shortcomings may result from having insufficient trust administration expertise, a confrontational attitude towards one or more of the beneficiaries or both. Depending on the nature and extent of the trustee’s deficiencies, resolving the situation may prove difficult.

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