Expert Analysis

Is independent asset verification becoming part of an estate trustee’s duty of inquiry?

By Aly Virani ( October 30, 2026, 11:29 AM EDT) -- For generations, an estate trustee stepping into an administration has started with the paperwork in front of them: the will, the bank statements that happened to be lying around, the prior trustee’s inventory (if applicable). That starting point is not going away. But as estate trustees — and particularly neutral and succeeding trustees who inherit an administration someone else began — come under closer scrutiny, a question is emerging: is documented, independent verification of what the estate actually owns and owes becoming an expected part of the duty of inquiry?...