Can You Trust Your Trust?

Seymour Goldberg, CPA, MBA, JD, is a senior partner in the law firm of Goldberg & Goldberg, P.C., in Woodbury, New York.

TABLE OF CONTENTS About the Author Overview Trustee Headaches in General Changing Trust Laws The Trustee and State Trust Laws What You Should Know About Trusts Trustee Liability Issues The TAI Task Force Conflicts of Interest What's the Big Deal about Trusts and Trust Administration? Why Trusts Are Difficult to Administer Multiple Trustees Rights of Trustees to Compensation Right of Trustee to Reimbursement of Expenses Remedies for Breach of Trust Statute of Limitations Estate Tax Issues Fiduciary Income Tax Returns Unitrust Estate Planning and Professional Liability Life Insurance and Estate Tax Issues Irrevocable Life Insurance Trusts and Estate Planning Living Trust Scams IRAs Payable to Non-QTIP IRA Trusts Disclosure Issues and IRA Trusts Application of the Uniform Principal and Income Act Rules in New York State Some Examples of the Trust Accounting Rules in New York State Appendix A: Uniform Trust Code Appendix B: Uniform Principal and Income Act Appendix C: A Unitrust Court Case in New York State Index