Ethical Considerations in Thorny Trusteeships

Ethical Considerations in Thorny Trusteeships

Don’t get pricked by complacency

Being a trustee always has challenges. Trustees must fulfill their duties of loyalty by avoiding conflicts and putting beneficiaries’ interests before their own. Some trusteeships, however, can be particularly thorny in that they have inherent structural conflicts requiring careful navigation. For example, when an advisor or beneficiary is also a trustee or when the trustee function is divided among separate parties, the potential for conflict and complication increases. Just because th

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