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Author: Wyatt Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: trustees and their responsibilities Date: 6/16/1997 8:32 AM
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I've read the posts so far that deal with this subject and since I'm an attorney that deals with trusts and is also a trustee for some clients (as well as my own Mother), I can say that everyone that's been posting suggestions is right on target; except that I personally don't feel that any one book I've seen (and I see a lot of them) are all that good. The key to being a good trustee, though, has been very well expressed here. The trustee has a fiduciary obligation-- that is, an obligation or duty of trust and confidence. If you act in accordance with the best interests of the
Grantor, and if you invest assets prudently (there is something called the "prudent investor" rule which requires a trustee to invest assets reasonably), then you'll be fine. I, myself, don't ascribe to the idea that a trustee should invest assets to benefit the heirs rather than solely for the benefit of the Grantor, but that is my personal view.
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