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Administering A Trust In A Recession: Securing Loans For Beneficiaries

By David Fowler Johnson on May 22, 2020
Posted in Items of Interest, Latest From Knowledge Library, Uncategorized

Beneficiaries often request that a trustee secure a loan from a third party. In an economic downturn, such requests are even more prevalent. As a general rule, a trustee should not want to do so as it should assume that the beneficiary will default and the trustee will then be…

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The Fiduciary Litigator provides important legal news, updates on recently decided and pending case precedent, and commentary to directors, officers, managers, in-house counsel, and other legal officers who serve the financial services industry.

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