My question involves estate proceedings in the state of: trusts
16005. The trustee of one trust has a duty not to knowingly become
a trustee of another trust adverse in its nature to the interest of
the beneficiary of the first trust, and a duty to eliminate the
conflict or resign as trustee when the conflict is discovered.
i think i know what it means, but i would like a little more clarification on that. maybe an example of a situation.
thanks everyone.
16005. The trustee of one trust has a duty not to knowingly become
a trustee of another trust adverse in its nature to the interest of
the beneficiary of the first trust, and a duty to eliminate the
conflict or resign as trustee when the conflict is discovered.
i think i know what it means, but i would like a little more clarification on that. maybe an example of a situation.
thanks everyone.
Trusts: Probate Code Section 16005 Explanation,
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