Trustees must avoid conflicts of interest and prioritize the beneficiaries’ interests over their own. If a potential conflict arises, trustees should fully disclose the conflict to all beneficiaries and seek their consent if necessary and refrain from participating in decisions where the Trustee has a personal interest. If you are unsure whether a conflict exists, consult with a trust administration attorney before moving forward.
Home » FAQ » Serving as Trustee » How does a Trustee handle conflicts of interest?
