Trustee May Be Surcharged for Benefit from Self-Dealing

When a trustee engages in an act of self-dealing by using trust assets as collateral for loans taken out for the benefit of the trustee and his family, the court may impose a surcharge based on the benefit to the trustee and his family even though there was no loss to the trust and no profit to the trustee personally. Cameron Trusts, 2 Fid.Rep.4th 205 (Bucks O.C. 2024), app. pend., 830 EDA 2024 (Pa. Super.).

Comments are closed.