TRUST ACCOUNTING LITIGATION
Breach of fiduciary duty can take many forms
While some breaches of a fiduciary duty by a trustee may be obvious, others may not. Some examples of the type of trustee conduct that may give rise to a legal cause of action include the following:
• Misappropriating trust assets
• Failing to pay valid claims made by creditors
• Using trust assets for personal gain
• Improper accounting practices
• Failing to honor the terms of the trust agreement
• Failing to make prudent investments
• Failing to conduct regular accounting
Of course, there are many other ways a trustee could breach his or her fiduciary duty. An experienced attorney will be able to review the facts of your case and determine whether you have the right to sue.
Representing parties involved in
trust accounting disputes
Individuals who act as the trustee of have a fiduciary relationship with the beneficiaries of that trust. Fiduciaries are expected to always act in the best interests of the beneficiary and also with utmost loyalty.
When these duties are breached, beneficiaries may be able to bring a legal action against the trustee for breach of fiduciary duty.
Anyone who believes that a trustee has breached his or her fiduciary duties should discuss their options with an experienced trust accounting litigation attorney as soon as possible.