Do we need independent appraisals before swapping trust property? | NC

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Q: Do we need independent appraisals before swapping or deeding properties out of a family trust to different beneficiaries? A: — Not always. There is no automatic, one-size-fits-all rule that a trustee must get an independent appraisal before deeding or swapping trust real estate among beneficiaries. But the trustee still has to follow the trust terms, act in good faith, deal fairly with all…