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Tips From the Pros: Now You See It, Now You Don’t: Tangible Personal Property in Trust

Charles A. Redd discusses the unique trust administration challenges presented by tangible personal property.

The bane of many a trustee’s existence is the responsibility and potential liability associated with holding, and perhaps having to dispose of, trust property that doesn’t readily lend itself to routine trust administration. Such property includes various types of tangible personal property, for example, valuable jewelry, furs, china, crystal, stemware, silver hollowware and flatware, furniture, furnishings, paintings, drawings, sculptures, graphics, rare books, coin collections, stamp

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