Related Definitions
What is a Self-Dealing Trustee?
A trustee who acts in their own financial interest, rather than in the best interest of the trust’s beneficiaries, potentially violating their fiduciary duties.
A trustee who engages in transactions that benefit themselves at the expense of the trust’s beneficiaries, violating their fiduciary duty. Self-dealing can include actions such as selling trust assets to themselves or using trust funds for personal investments. Such actions can lead to legal consequences, including removal from the trustee position and liability for damages incurred by the trust or its beneficiaries.
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