trustee-beneficiary relation (Meaning)

Wordnet

trustee-beneficiary relation (n)

the responsibility of a trustee to act in the best interests of the beneficiary

No Synonyms and anytonyms found

The trustee-beneficiary relation is a fiduciary relationship that imposes a duty of loyalty and prudence on the trustee.
Trustees have a duty to administer the trust in the best interests of the beneficiaries.
Beneficiaries have a right to receive information about the trust and to hold the trustee accountable for their actions.
The trustee-beneficiary relation is governed by the terms of the trust instrument and the applicable state law.
A breach of the trustee-beneficiary relation can result in the trustee being removed or held liable for damages.
The trustee has a duty to preserve the trust property and to make it productive for the benefit of the beneficiaries.
The beneficiary has a right to receive the trust income and principal according to the terms of the trust.
The trustee has a duty to keep the beneficiary informed about the administration of the trust.
The beneficiary has a right to petition the court to enforce the trust terms or to remove the trustee.
The trustee-beneficiary relation is a complex one that requires careful drafting of the trust instrument and ongoing communication between the parties.

the responsibility of a trustee to act in the best interests of the beneficiary

No synonyms found.

No antonyms found.

The trustee-beneficiary relation is a fiduciary relationship that imposes a duty of loyalty and prudence on the trustee.

Trustees have a duty to administer the trust in the best interests of the beneficiaries.

Beneficiaries have a right to receive information about the trust and to hold the trustee accountable for their actions.

The trustee-beneficiary relation is governed by the terms of the trust instrument and the applicable state law.