A Trustee owed a fiduciary duty to the trust and the trust beneficiaries. A fiduciary duty means that a Trustee must use the utmost care when managing trust assets and making investments with those assets. Risky investments are to be avoided. A Trustee should take into account what is in the best interest not only of current beneficiaries but also of future beneficiaries of the trust.
Topics covered in this report include:
- Trust Basics
- Fiduciary Duty
- Duty and Responsibility to Beneficiaries
- Manage Trust Assets
- Abiding by Trust Terms
- Making Distributions