Fiduciary duty obligates a professional to act in the client’s best interests. This can apply to financial advisors, ...

Tony Bennett's daughters Antonia and Johanna have filed a new motion against their brother Danny, who is the sole trustee of ...

Instead, a third-party trustee manages the assets without disclosing or consulting the grantor or beneficiary about the specific investments or transactions. A blind trust can be revocable ...

A trust is a legal arrangement created to hold and manage assets on behalf of someone else, known as the beneficiary. The trustee is the person or entity responsible for managing trust assets.

The primary purpose of an irrevocable trust is to remove the transferred assets from the grantor’s estate, which can provide ...

Settlors initiate and fund revocable trusts, crucial for asset distribution without probate. They must manage trust assets, define rules, and handle taxes on trust income. Settlor errors like not ...

Recently (it was probably a bad weather day), I found myself leafing through parts of the Colorado Revised Statutes dealing with fiduciaries. I came upon a statute called the Uniform Prudent ...

The Trustee is responsible for stewardship of the Scheme’s assets. Its main objective is to ensure that all beneficiaries receive the benefits to which they are entitled under the Trust Deed and ...

Tony Bennett’s daughters are accusing their brother of mismanaging the late singer’s finances for several years ...