How a Trust Could Stop the Lakers Sale


A trustee generally has greater authority than a beneficiary to manage and control trust assets, but the two roles serve entirely different purposes.

A trustee administers the trust and may have authority to sell trust property, invest assets, and make distributions. Those powers, however, may be limited by the trust’s terms, the trustee’s fiduciary duties, court orders, or beneficiary challenges.

Beneficiaries generally cannot challenge a trustee’s decisions simply because they disagree with them. They can, however, seek court intervention when a trustee exceeds their authority, breaches fiduciary duties, or mismanages trust assets. In some circumstances, beneficiaries may even petition to have a trustee removed.

Ultimately, neither role is inherently “more powerful.” Trustees control trust administration, while beneficiaries have legal rights to protect their interests in the trust and hold trustees accountable.





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