Time To Trust Your Trust Fund To A Pro?Richard Korman
When bad investments eat up funds that were supposed to be preserved in a trust, beneficiaries often sue the trustee--a friend, a lawyer, or a bank that's charged with making responsible decisions about the money. One current case involves the heirs of former New York Governor Averell Harriman. They are accusing trustees Clark Clifford and Paul Warnke of squandering the family's fortune on a failed resort hotel rather than sticking to investment-grade securities.
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