Problem 1: What is the standard in Texas that a Trustee is held to in the performance of their duties?
Problem 2: In addition to a Trustee, what other kind of fiduciary could be named in a trust agreement?
Problem 3: How long do the duties of the fiduciary last?
Problem 4: If a trustee has special skills or expertise, do they have a duty to use those special skills or expertise on behalf of the beneficiaries?
Problem 5: What duty does the trustee have regarding investments of the trust?