Fiduciary Responsibilities When Auctioning Property

In the article for Trusts & Estate Magazine, Private Wealth Services Attorney Stacie Chau discussed the successes and pitfalls for fiduciaries when auctioning properties. Ms. Chau explains why a seller would choose to auction a property, the pros and cons of disposing of property at auction, the agency relationship between the auction company and the fiduciary, and the countermeasures the fiduciary can take to protect itself when auctioning a property and reduce risk of liability for breaching its fiduciary duties.

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