The Annual Trust Audit Checklist is a comprehensive, fillable PDF designed to help trustees conduct a thorough yearly review of trust administration. Performing an annual trust audit is a best practice for fiduciary compliance and helps ensure that trust assets are properly managed, records are accurate, taxes are filed, beneficiaries are informed, and potential issues are identified early.
 
This checklist walks trustees through every major area of trust oversight, including asset titling and inventory, valuations and appraisals, insurance and risk management, investment review under the Uniform Prudent Investor Act (UPIA), cash flow and reserves, debts and expenses, tax filings, beneficiary communications, special asset oversight, and trustee governance duties. A built-in remediation log allows trustees to document issues identified during the audit and track corrective actions to completion.
 
Ideal for ongoing trust administration, professional fiduciaries, and successor trustees, this checklist helps create a clear annual record of diligence and compliance. The fillable PDF format allows trustees to complete the audit electronically each year and maintain an organized audit history as part of the trust’s permanent records.