Can a Personal Representative and Trustee also be the financial advisor for a beneficiary of the Trust?

Asked on September 14, 2012 under Estate Planning, Maine


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Are you asking if it would in any way be a conflict?  There are potential conflicts in any situation where those that hold a fiduciary position take on more than one "job" so to speak.  But as long as there is full disclosure as t the duties they hold in their fiduciary capacity and no conflict of interest it could potentially be fine.  I would err against it though.  Good luck.

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