If there is a problem with a trust that you are an interested party to, you have several options. Trust reformations or modifications are two possibilities.
Articles about Trustee Duties
When assets are held in trust to avoid a creditor, it may deemed fraudulent under certain circumstances. This may include when the debtor was found insolvent.
Assets held in a revocable living trust are generally not protected by creditors. There are many reasons why this is the case.
When a trustee mismanages assets or refuses to comply with trust terms, beneficiaries have several options. Consider asking the court to remove the trustee.
When a trustee prepares a trust accounting, beneficiaries can contest the information contained. If the trustee reacts unreasonably, he may face penalties.
During a trust administration, beneficiaries may distrust the trustee. There are several options for resolving these issues in addition to pursuing litigation.
Beneficiaries of trusts may be concerned when a trustee delays selling an asset that should be sold. It is important to act quickly to prevent further harm.
If a de facto trustee in California takes a trustee’s fee from a trust, does it violate California trust law?
Whether or not a person rightfully took trustee’s fees from a California trust depends on the terms of the trust instrument and whether or not the person was a named trustee in the document, a de facto trustee, or a trustee de son tort.