Schanzenbach, Max M.; Sitkoff, Robert H. - 2018 - Draft of September 5, 2018
subject to a sacred trust known in the law as fiduciary duty. Recently, these trustees have come under increasing pressure to … investors of all stripes, but many trustees have resisted its use on the grounds that doing so may violate the fiduciary duty of … loyalty. Under the “sole interest rule” of trust fiduciary law, a trustee must consider only the interests of the beneficiary …