Keystone Law Group Partner Roee Kaufman joined esteemed colleagues Hunt Holsomback and Marc McKay at the Hawaii Tax Institute’s 2025 annual conference to present the session “Because ‘I Love Real Estate’ Is Not a Fiduciary Standard.”
The presentation explored the fiduciary duty to diversify investments, with a special focus on real estate assets. The panel discussed how trustees must balance the wishes of settlors who favor real estate with their legal obligation to act prudently and in the best interests of beneficiaries. Attendees gained practical strategies for managing risk, avoiding liability, and navigating disputes that arise when personal preferences conflict with fiduciary standards.
“Trustees often inherit a settlor’s enthusiasm for real estate, but fiduciary duty demands disciplined decision-making, not sentiment,” said Roee Kaufman. “In this session, we explored how trustees and advisors can navigate concentrated real estate holdings—balancing legal obligations with family dynamics—by applying prudent investor principles, mitigating risk through trust language and governance tools, and implementing strategies for diversification and liquidity to safeguard both beneficiaries and the legacy.”
Keystone is proud to support thought leadership in probate and estate litigation. Kaufman’s participation at the Hawaii Tax Institute underscores the firm’s commitment to advancing dialogue on fiduciary responsibility and equipping professionals with strategies to navigate complex trust and estate disputes.
