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The Role of a Trustee in New York: Duties, Responsibilities, and Risks - Davies Law Firm
From Davies Law Firm – The Role of a Trustee in New York: Duties, Responsibilities, and Risks explores what it means to serve as a trustee under New York trust law and outlines the duties, powers, and risks tied to that role.
This podcast will begin by breaking down the core fiduciary duties a trustee must uphold under New York law: the duty of loyalty, the duty of prudence under the prudent investor standard, and the duty of impartiality. Each of these duties plays a vital role in ensuring that the trustee manages the trust in the best interests of all beneficiaries.
Next, we examine the…
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