Whether or not the trustee accepts a fee, he or she should keep a log diary of the work done as trustee, including:
- The date
- Amount of time expended
- Description of activity
- Decisions made, and
- Basis for the decisions.
The log will support the trustee’s request for fees in the event of a dispute with the beneficiaries, and serves as a written record of the trustee’s actions and basis for decision should his or her actions ever be questioned by a beneficiary.
How should a trustee document his or her actions? was last modified: March 20th, 2018 by David Klasing