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Selection of a suitable guaranteed or non-guaranteed death benefit product based on the trust's objectives and the grantor's risk tolerance; Review of non-guaranteed policy sales illustrations for premium adequacy; Confirmation of the annual or periodic trust and policy administration activities; Subsequently, if the trust objectives change or the home insurance policy is underperforming its expected values, the attorney may assist the trustee and beneficiaries in evaluating restructure options. The attorney maybe expected to assist the grantor in a number of ways: Selection of a homeowner's insurance agent and/or insurance company.

When a family member serves as personal trustee, the grantor and trustee both rely on the attorney for advice concerning the operation of the trust. The estate planning attorney who drafts the insurance (rus understands the importance of the homeowner's insurance policy along with its tax leverage, cost, and timing advantages. It instructs a trustee to design and actively carry out a reasoned investment strategy that will fit within the trust's unique purposes and the expectations of the beneficiaries to make the trust property productive. The Prudent Investor Rule measures trustee prudence in terms of the process by which investment decisions are made - without the benefit of 20/20 hindsight. However, if an attorney renders advice about the selection of an insurance product and the product does not live up to the client's expectations, the client may elect to sue the attorney for any damages incurred The claimed damages may be with respect to the carrier becoming insolvent after the policy purchase, payment of additional premiums beyond a "promised" maximum time period, or loss of favorable contract terms available under the non-selected policy, inter alia. Monitoring includes a review of trust-owned homeowners insurance investments and stress testing different remediation and restructure options, if needed. The services of a "trust protector," who is often an attorney, are becoming popular with trust beneficiaries who seek to objectively monitor the trust management performance of a corporate trustee.