There are many different types of trusts, but the person who is ultimately in charge of the trust is generally called the Trustee. The Trustee has many fiduciary duties that are inherent in the administration of any type of trust. First and foremost, the Trustee must put the interests of the beneficiaries of the trust above all other considerations, except as they relate to his or her duties under the law.
In some situations beneficiaries may allege malfeasance on the part of the Trustee or that the Trustee acted in a negligent manner. Most often, these allegations concern the Trustee’s failure to make adequate or regular distributions of the trust funds. Other allegations can pertain to mismanagement of the trust funds, illegal disposal of the funds, self-dealing by the Trustee, undue influence by the Trustee, or conflicts of interest in the management of the trust assets.
American Wills & Estates is an experienced trust litigation law firm. If you are the beneficiary of a trust and you have reason to believe that the trust has been mismanaged or that the Trustees have breached their fiduciary duties, our attorneys would like to meet with you. Having drafted and implemented many trusts and having litigated many trust and estate contests for our clients, our lawyers understand trust law and the legal duties and responsibilities of Trustees. Our lawyers know how a trust can be abused and, when it is, how to research and litigate a trust contest case.
Remedies in trust litigation cases can vary and often depend on the type and extent of a Trustee’s abuse or malfeasance. Among other things, we can help an injured beneficiary secure a full and complete accounting of the Trustee’s activities; obtain a proper distribution of the trust funds in accordance with the trust provisions; seek the removal of one or more of the Trustees; and/or have the trust terminated entirely.
As you might imagine, trust litigation cases can be extremely complex and are often difficult and expensive matters to pursue. It is extremely important to seek out and consult with a competent lawyer before engaging in such an action.
The lawyers at American Wills & Estates offer injured beneficiaries free legal consultations and affordable hourly rates for our trust litigation services.
Call American Wills & Estates today to schedule your free legal consultation with one of our attorneys.