Trustees have a duty to properly manage the assets of the trust. Failing to sell an asset when called for can create harm for the beneficiaries.
If your spouse was omitted from a trust, you may want to pursue legal action. It is important to carefully consider all ramifications before doing so.
It is important for trust beneficiaries to understand how a trust is being administered. In some cases, you may need to petition the court for trustee removal.
If you expected that you would receive an inheritance and someone interfered, you may have legal rights. Your expectation must have been legitimate.
Taking over as successor trustee of a loved one’s trust is not a simple process. Incapacity may be determined in several different ways.
As a loved one of someone who has passed, you may find yourself concerned that a mistake was made when the will was drafted. It may be possible to contest it.
In most situations, the court does not supervise a trust administration. If you suspect a trustee is mentally incompetent, act quickly to protect the assets.
Shelly Sterling is currently pursuing trust litigation to have Donald declared mentally incompetent. She may face an uphill battle. Read more here.
Assets in a trust may be protected from creditors under some circumstances. When factors that indicate fraud are present, the trust may be subject to attack.
In some cases, a child not named in the will can force a personal representative to distribute them a share. These children are known as pretermitted children.
