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Remove Advanced Field in the Deed Of Trust

Remove Advanced Field in the Deed Of Trust

Aug 6th, 2022

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How to Remove Advanced Field in the Deed Of Trust

4.9 out of 5

54 votes

Beneficiaries of a trust may pursue legal action against a trustee for improperly withholding distributions under certain conditions. Although trustees have discretion in managing trust assets and distributing income, their authority is not unlimited. Beneficiaries who do not receive fair distributions have legal recourse, which may include recovering compensation from the trustee personally. Trustees hold fiduciary responsibilities, including a duty of care and loyalty. The duty of care requires trustees to act as prudent investors; however, failures in this duty can occur, leading to careless management of trust assets. In extreme cases, trustees have misused funds, allowing beneficiaries to take legal action for recovery.

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