Video

  • 21 minutes

Duties and Powers of Trustee

 

Gain an understanding of the duties and powers of a trustee.

If there is a connection between the trust property and the trustee’s personal account or property, a trustee is in breach of his duty of loyalty, regardless of good faith or fairness to the beneficiary. Conflict of interest is irrebuttably presumed – sometimes called “no further inquiry rule.” Transactions effected by a conflict between the trustee's personal interest and the interests of the beneficiaries are voidable. This video reviews the trustee’s duty of loyalty and impartiality, and the duty to inform and report.

Runtime: 20 minutes

Agenda

Faculty

Tereina Stidd, J.D., LL.M.

Tereina Stidd, J.D., LL.M.

American Academy of Estate Planning Attorneys, Inc.

  • Director of Education at the American Academy of Estate Planning Attorneys, a national organization dedicated to promoting excellence in estate planning
  • Co-Author Chapter 6 Homestead in Basic Estate Planning in Florida, 6th-11th ed., published by the Florida Bar
  • Member of the Tax and Real Property, Probate, and Trust Law Sections of the Florida Bar
  • J.D. degree, the Claude W. Petit College of Law at Ohio Northern University; LL.M. degree in taxation, the University of Miami School of Law; B.A. degree in political science, cum laude, St. Bonaventure University

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