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What Are a Trustee’s Legal Duties in Arizona?

Key TakeawaysTrustees in Arizona are bound by some of the strictest fiduciary duties in the country — duties of undivided loyalty, prudent administration, absolute impartiality, cost control, and robust transparency, among others.Taking advantage of the prudent investor rule and reviewing trust assets on a regular basis are crucial for trustees to glean performance and minimize [...]

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What Are The Most Common Misconceptions About Trust Management?

Key Takeaways Trust management is the art of ultimate oversight and maintaining legal standards of application and management, shielding beneficiaries’ interests and wishes at all costs. Knowing its purpose is key to effective estate planning. Misconceptions such as "trusts are only for the rich" or "trusts mean loss of asset control" can lead to [...]

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