Counseling the Fiduciary
Study Committee on Professional Responsibility
WINTER 1994 Counseling the Fiducimy 845 lawyer's beneficiary-client is the chief executive officer and a minority shareholder. Will the beneficiary exert pressure on the fiduciary for a disposition of the stock that does not threaten the beneficiary's employment position? The lawyer should be sensitive to both the potential for conflicting interests and the perception of conflicting interests. Potential for conflict also may develop when the duties of the fiduciary are in conflict with the...