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November 23, 2022

What is the standard in Texas that a Trustee is held to in the performance of their duties

What is the standard in Texas that a Trustee is held to in the performance of their duties? In addition to a Trustee, what other kind of fiduciary could be named in a trust agreement? How long do the duties of the fiduciary last? If a trustee has special skills or expertise, do they have a duty to use those special skills or expertise on behalf of the beneficiaries? What duty does the trustee have regarding investments of the trust?

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