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John J. Reddy Jr., a partner at Bekerman & Reddy, and Gary B. Freidman, a partner at Greenfield Stein & Senior, write that two recent decisions act as a guide to the bar when advising clients of their ability to exonerate a fiduciary or limit accountability. More importantly, these cases serve as warning sign to fiduciaries who have an unwarranted sense of security due to their reliance on such clauses.
April 16, 2008 at 12:00 AM
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