Assertion: trust's trustee | /r/HasProperty | held liable
Facets:
value: for problems
type: CAUSE
value: personally
type: MANNER
Source sentences:
text: A trustee may be held personally liable for problems, although fiduciary liability insurance similar to directors and officers liability insurance can be purchased.
text: Furthermore, if trustee exercises "significant influence over the beneficiary and from which the trustee obtains an advantage" in a transaction, even if it does not concern trust property, the trustee can be held liable for violating his or her prime duty of loyalty to act solely for the trust and its beneficiaries.