When a person accepts the designation of executor or trustee of a trust or will, that person is obligated to act for the benefit and interests of the beneficiaries, as dictated in the trust or will.
To fail to do what is required correctly could be a breach of fiduciary duty, which could be one of the following:
- Lack of knowledge
- Conflicts of Interests
- Actual criminal activity
Protecting Your Reputation & Finances
You may be a beneficiary who suspects the executor or trustee is not acting correctly in that position, or you may be an executor accused of acting improperly. Our firm can review your situation and advise you about what could be done to bring the matter to a resolution.
Some of the more common ways a breach of fiduciary duty is alleged to include
- Not keeping an accurate record of financial transactions
- Not following the law concerning how an estate is administered
- Not following the terms of the trust
- Ignoring the best interests of the beneficiaries while pursuing self-interests
- Not supplying the information requested from beneficiaries
- Not performing any duties related to the administration of the estate as obligated
- Committing fraud
- Stealing money or assets from the trust
Dedicated Legal Assistance from the Law Offices of David A. Shapiro, P.C.
As our firm focuses almost exclusively on estate litigation and trusts, we are very knowledgeable concerning the regulations and laws governing this area of law. When it comes to settling a person's estate, the beneficiaries involved are often under stress and suffering from the loss of a loved one.
We understand how difficult this can be, and legal problems make the situation far worse. Our communication skills and experience in estate litigation can provide you with the protection and support you need if there is any allegation of breach of fiduciary duty.
Contact us right away and find out how our Los Angeles trust litigation lawyer can help you resolve this important issue!
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