In this live webinar, David F. Johnson, lead writer for the Fiduciary Litigator blog, will address a trustee’s duties and responsibilities regarding the management and administration of minority interests in closely held businesses. Administering closely held business interests presents unique and difficult decisions for trustees. This presentation will address a trustee's general fiduciary duties, specific duties of prudence in owning and managing minority ownership interests, duties of officers and directors, conflicts of interest, and the impact of Texas's recent legislation dealing with fiduciary duties and the business judgment rule on trust administration.