A removed trustee retains myriad residual fiduciary duties and liabilities. The most obvious is the duty not to betray the confidences of the entrustment going forward. Less self-evident is the removed trustee’s residual duty to see to it that the…
By: Charles E. Rounds, Jr.
Source: JD Supra
Does a removed trustee have a duty to see to it that the fiduciary reins are assumed by a qualified successor?
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