Trusts — testamentary, revocable, and irrevocable — all impose fiduciary duties upon a trustee (See: Fiduciary Duties of a Trustee). Whenever a trustee breach his/her fiduciary duty (self-dealing, improper investment, fraud, etc), the beneficiary of the trust has a few separate options. (1) The beneficiary can ratify (i.e., consent) to the transaction, thereby waiving the…
Legal Articles
Missouri Trust & Will Litigation, Contests, Modifications
When a friend or family member passes away, something will need to be done about his/her property and estate if no legal arrangements were in place. What makes this difficult is that this is often the last thing on your mind. Unfortunately, in administering an estate, will, or trust, sometimes disputes or illegalities will arise…