What do trustees do? They have fiduciary Duties!

Описание: Attorney Dan Krause explains to trustees what their responsibilities are. Specifically, what are fiduciary duties. A trustee must put her or his personal desires aside and manage a trust with the needs of the beneficiaries as their primary concern. A trustee must also manage assets prudently as a reasonable person would handle their own assets.
Of course, professional trustees are held to a higher standard. Their standard is managing assets as a reasonable professional trustee (not a reasonable person) would handle the assets.

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