What Are the Different Types of Trustee Duties?

The fiduciary duty is the responsibility that the fiduciary should bear in handling trust affairs. It mainly includes: The trustee must keep, use, or dispose of the trust property in good faith and actively and in accordance with the provisions of the trust contract, and shall be liable for the loss of the trust property caused by its own negligence. To serve clients and beneficiaries faithfully, they must handle trust affairs from the standpoint of the beneficiaries and pursue the best interests of the beneficiaries as their purpose. ^[1]