Assertion: trust's trustee | /r/HasAspect | duty
Facets:
value: unlike with other kinds of trusts
type: OTHER
Source sentences:
text: Your trustee has a duty to administer the trust according to its terms, and must always act with your best interests in mind.
text: A trustee has the duty to defend the trust and the interests of the beneficiaries against baseless claims that the trust is invalid.
text: The trustee has no other duties, unlike with other kinds of trusts.
text: In addition, a trustee has a duty to know, understand, and abide by the terms of the trust and relevant law.
text: As part of the duty of loyalty, trustees also have a duty to act impartially with respect to trust beneficiaries.
text: The third requirement under the UTC is that the trustee must have duties he or she must perform.
text: Generally, a trustee is directed to collect and distribute income and has the duty to invest the trust property in income-producing assets as soon as is reasonable.