Yes, a trustee can be sued for breaching their duties — especially if their actions resulted in financial harm to the trust or its assets. However, suing a trustee typically requires substantial... Read more »
Yes, a trustee can face jail time for a breach of trust, but only if their actions involve a criminal offense, such as embezzlement, fraud or theft. Even then, criminal charges must... Read more »
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process... Read more »
Even airtight trusts can spark conflict. The Jimmy Buffett family trust battle reveals what can go wrong, and how to prevent it. When someone takes the time to craft a detailed estate... Read more »
Yes and no. In community property states like California, a spouse is only entitled to dispose of their 50% share of the community property in their will. If they dispose of more... Read more »
If you are planning to contest a decedent’s trust, there is a lot you will need to consider. For one, you will need to verify you have legal standing to contest the... Read more »
When a loved one passes away, and a trust governs the distribution of their assets, heirs and beneficiaries often assume the process will be straightforward and transparent. However, if there are any... Read more »
As you might suspect, bringing a complex trust contest could substantially raise the cost of contesting a trust. What makes a trust contest complex? A trust contest may be complex if a... Read more »
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process... Read more »
Brian Spears, the son of James Spears, filed a petition seeking to be named as a creditor of his late father’s trust, remove his stepmother, Therese Spears, as trustee, and obtain a... Read more »