No Further Inquiry Rule

The No Further Inquiry Rule applies to cases of self-dealing by a trustee. It makes all self-dealing transactions entered into by the trustee per se voidable by the beneficiaries. An attempt to void such transactions requires no proof that the transactions were unreasonable or harmful because a trustee must act for the sole benefit of the beneficiaries.

[Last reviewed in July of 2023 by the Wex Definitions Team]

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