• 21 minutes

Duties and Powers of Trustee


Gain an understanding of the duties and powers of a trustee.

If there is a connection between the trust property and the trustee’s personal account or property, a trustee is in breach of his duty of loyalty, regardless of good faith or fairness to the beneficiary. Conflict of interest is irrebuttably presumed – sometimes called “no further inquiry rule.” Transactions effected by a conflict between the trustee's personal interest and the interests of the beneficiaries are voidable. This video reviews the trustee’s duty of loyalty and impartiality, and the duty to inform and report.

Runtime: 20 minutes
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Tereina Stidd

Tereina Stidd

Cole Schotz P.C.

  • Attorney with Cole Schotz P.C.
  • Associate attorney in the tax, trusts, and estates department in an AM Law Top 200 firm with a focus on income, estate, gift, and generation-skipping transfer tax planning
  • Co-author of the chapter “Homestead” in Basic Estate Planning in Florida, 6th, 7th, and 8th ed. published by the Florida Bar
  • Contributor to Estate, Gift, Trust and Fiduciary Tax Returns Planning and Preparation published by Thomson Reuters
  • Recognized many years as a Super Lawyers Florida Rising Star
  • Regular speaker on estate planning, retirement, homestead, and trust and estate administration topics
  • Licensed to practice law in both Florida and North Carolina (inactive status)
  • J.D. degree, the Claude W. Petit College of Law at Ohio Northern University; LL.M. degree, in taxation, the University of Miami School of Law; B.A. degree in political science, cum laude, St. Bonaventure University
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