Assertion: trust's trustee | /r/HasProperty | liable
Facets:
value: for any act
type: CAUSE
value: no longer
type: TEMPORAL
value: for omission
type: CAUSE
value: to its beneficiaries
type: TRANSITIVE-OBJECT
Source sentences:
text: For example, a trustee could be liable if assets are not properly invested.
text: In addition, a trustee may be liable to its beneficiaries even where the trust has made a profit but consent has not been given.
text: Once appropriately delegated under Section 807(a), the duty to exercise reasonable care in performing that function then shifts from the trustee to the agent, and the trustee is no longer liable for any act or omission undertaken by the agent.