Court Oversight Tool as Applicable to Trusts

Given the limited judicial supervision of trusts, a common question arises: when is the trustee required to perform the actions required of court-appointed fiduciaries? Specifically, when must a trustee qualify, post a bond, and file an inventory and regular accounts with the court? This flow chart aims to assist court officials, legal practitioners, and others in determining when these obligations apply to a trustee of a trust.