Caring

Care is mostly about prudence in the exercise of capacity.

Caring is more about loyalty to aims.

Every trust is constituted for a purpose, and every fiduciary has a duty under law of undivided loyalty to that legally constituted purpose.

Family trusts for private purposes typically provide a life estate to a charitable remainder, to provide for widows until their death, followed by a gift to an alma mater, for example; or to provide income to a minor child (i.e. a child who is too young to manage their own affairs for themselves) until they reach their majority, or other age.

These private trusts for estate planning purposes can only cross two or three generations, benefiting people who are alive, or in utero, at the time the trust becomes effective.

So the fiduciary powers entrusted to the fiduciary steward of a private trust (legally, the trustee) are derived from the capacity of the grantor, and constrained by the size of the trust, who it benefits and how, and the length of time before thet trust is required to dissolve, either by direction, or by law (the Rule Against Perpetuities). Essentially, these trustees exercise the piwers of their beneficiares, as their alter egos, but within the constraints of the instructions in the trust.

And their duties are to be faithful to those instructions.

A pension trust is similar, but also different.

It is constituted by a mutual aid society established by a collective bargaining agreement (or equivalent) between a workplace and some or all of its workforce, for averaging the actual costs of making con