Trust Examiner School eBook

Internal Use Only

Contingent Liabilities

• An estimation of the gross possible liability • Whether liability transfers to an actual liability depends upon the actions of the interested parties

Internal Use Only

Contingent Liabilities - Types

• Contravention of Trust • Commingling • Prudent Investor Rule • Real Estate & Mortgages • Deposits with Self • Acts without Consent/Approval • Failure to Invest