San Francisco

San Francisco

Wednesday, July 6, 2011

Trustee's Duties...

California Probate Code:

16003.  If a trust has two or more beneficiaries, the trustee has a duty to deal impartially with them and shall act impartially in investing and managing the trust property, taking into account any differing interests of the beneficiaries.

If a trustee does not deal impartially with beneficaries, would they be breaching their duty as a trustee?