What does it mean when a “Trustee is a Fiduciary”?
It has long been held by the courts, that a trustee is a fiduciary of the highest character whose duty demands uncompromising integrity. Here are a couple of other points various courts have said about this topic:
A trustee is bound to act in the highest good faith towards his beneficiaries and may not obtain any advantage by the slightest misrepresentation. Concealment, threat, or adverse pressure of any kind is unlawful as long as the confidential relationship exists, and any violation of these duties constitutes a fraud against the beneficiaries. See, Estate of Vokal (1953) 121 CA2nd 252.