Put the Trust in Trustee – Trustee Responsibilities and Beneficiary Rights as Told Through Tony Bennett’s Estate
Whether you are a trust beneficiary or the trustee, you need to know what that means to avoid issues and potentially costly expenses. Trustees have duties—both in the law and outlined in the trust agreement. Beneficiaries have rights—also in the law and outlined in the agreement. These rights and responsibilities aren’t taught in school. So, […]
What is a breach of fiduciary duty?
A fiduciary duty can arise in various ways. It can arise automatically from specific relationships,like a trustee of a trust, who has a fiduciary duty to the trust beneficiaries. Likewise, a generalpartner in a partnership typically owes a fiduciary duty to his partners, and an agent representing you in a business deal may have a […]
