Trust Examiner School eBook

July 20, 2021

Page 7 of 12

Is the appraised value reflected in the trust accounting system? Y e s Is the appraisal date shown in the price date field? Y e s

Is the market value of the property included in the calculation of the account's fees? N o Is a flat fee charged for the property? N o Is the property leased? N o Has the property been inspected in the last twelve months? Y e s Are there any concerns about the condition of the property? N o Are there environmental concerns? N o

Has the property been appraised in the last three years? Y e s

Does the market value of this asset represent more than 15% of the account's total market value? N o Are insurance premiums current? Y e s Has the adequacy of insurance coverage been reviewed in the last twelve months? Y e s Is the insurance coverage adequate? Y e s Is the property encumbered by a mortgage? N o Are the real estate taxes current? Y e s

Real Estate - Vacant Lot (continued) Review Questions: Is the Trust's ownership of the property under review less than 100%? N o

Alerts (continued)

Account xxxxx