Is there a difference in terms of inheritance between the fiducairy of a trust instrument and a co-beneficiary?

I am one of 4 siblings. My eldest brother has been named as the fiduciary of my father’s irrevocable trust and my remaining siblings and myself are co-beneficiaries. Is there a difference in terms of the inheritance between what the fiduciary will acquire under the trust and what the co-beneficiaries will acquire? Can the fiduciary make unilateral decisions? Can the fiduciary take it all and exclude the co-beneficiaries?

Asked on March 6, 2012 under Estate Planning, New York


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