- Jurisdiction
- New Jersey
I inherited a trust that pays income from my father with my sister as a trustee. The trust assets are rental properties however my sister is not giving me the income I should receive. Because of various expenses to run the business plus her huge salary. She said she can buy me out at less than fair market value. Because she would be doing me a favour. I would think that this would be a complete conflict of interest because of her fiduciary duties. I would think that (unless I agree in writing which I will not) she as a trustee would only be able to buy me out at fair market value of trust assets. Am I correct in assuming this?