What Does It Mean If a Trustee Engages in “Self Dealing?”

If you choose to include a trust in your estate plan, one of the most important steps in the trust creation process is deciding who to appoint as the Trustee of your trust. Appointing the right person is crucial to the overall success of the trust. A Trustee holds a fiduciary position during the administration of the trust, meaning the Trustee has considerable power over the trust assets. A violation of the Trustee’s fiduciary duty can be catastrophic for the value of the trust and for the beneficiaries of the trust. www.stiverslawfirm.com