trustee fiduciary duties
Administering A Trust In A Recession: Securing Loans For Beneficiaries
By David Fowler Johnson on
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…