Over the last fifty years, millions of Americans have created trusts in which they have named friends and/or relatives to serve as trustees or successor trustees. Estate attorneys, financial planners and life insurance agents have encouraged this practice. A serious consequence is that many uniformed, well-meaning trustees are being sued for malfeasance, misfeasance, fraud and self-dealing. This book is designed to help individual trustees avoid many of the hazards of serving. It details the duties and powers of trustees and explains how to manage various types of investments properly. In addition, it discusses taxes that trusts have to pay and how to account to trust beneficiaries. It is invaluable for existing trustees and for people who are considering the possibility of being trustees.