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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76238  
Subject: Re: trustees and their responsibilities Date: 6/16/1997 5:16 PM
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<< 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. >>

Yo, Wyatt.

IMO it really depends on the type of trust we're talking about. I heartily agree that with a revocable, living (or inter vivos) trust, assets should be invested in the best interests of the grantor, and to heck with the heirs for the most part. OTOH, for an irrevocable trust the assets should be invested for the sole benefit of the beneficiary of that trust.

I make that distinction only because my experience on The Motley Fool boards tells me that too readers think all trusts are alike. The questions in the previous posts almost certainly deal with the issues surrounding a living trust, but you never know.

BTW, you made two great posts. Be sure and stop by with your contributions again!

Regards...........Pixy
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