Fiduciary duties of trustees

{
  "id": "MLC-T-LAW-002107",
  "term": "Fiduciary duties of trustees",
  "field": "Law",
  "definition": "The legal obligations imposed on a trustee to act solely in the best interests of the trust beneficiaries. These duties typically include the duty of loyalty, requiring the trustee to avoid conflicts of interest, and the duty of prudence, demanding careful management of trust assets. Trustees must also provide regular accounting and avoid self-dealing.",
  "url": "https://mlchart.com/terminology/law/fiduciary-duties-of-trustees/"
}