Assertion: trust's trustee | /r/HasAspect | fiduciary duty
Facets:
value: to exercise his legal rights
type: PURPOSE
value: to exercise privileges
type: PURPOSE
value: to the beneficial owner
type: TRANSITIVE-OBJECT
value: typically
type: DEGREE
Source sentences:
text: Trustees thus have a fiduciary duty to manage the trust to the benefit of the equitable owners.
text: The trustee has a fiduciary responsibility to manage that property for a third party, called the "beneficiary," for which the trustee is compensated.
text: No-one doubts that a trustee has fiduciary responsibilities.
text: A trust may have multiple trustees, and these trustees are the legal owners of the trust's property, but have a fiduciary duty to beneficiaries and various duties, such as a duty of care and a duty to inform.
text: The trustee has a fiduciary duty to consider the best interests of the beneficiaries first in any decisions.
text: Living trusts are managed by a trustee who typically has a fiduciary duty to manage the trust prudently in the best interests of the trust's beneficiary or beneficiaries designated by the trust settlor, also called a grantor.
text: The trustee has a fiduciary duty to ensure that unit holders are treated equally.
text: The trustee has the fiduciary duty to the beneficial owner to exercise his legal rights, privileges, and powers in such a way as to benefit not himself but the beneficiary.
text: A trustee has the fiduciary duty, legal authority, and responsibility to manage your assets held in trust and financial matters on your behalf.