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Did you know that lawyers were paid by the word in the past? That's why their so incomprehensibly verbose. They should have a motto, something like: eschew obfuscation.
Yikes. Better see a lawyer. Basically, what it is discussing is whether or not a trust fiduciary should be held personally liable for mismanagement of trust assets. In other words, if the trust officer screws up an investment, should the officer have to reimburse the trust out of the officer's personal funds?
simple thought, if the ultimate beneficiaries of the trust are managing the trust for an older person there is always the temptation to put the trust money in a fund that will pay just a little for the beginning and later the big pay out so if you can do check out the temptation factor. just something I realized over the years.
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