As a recent article explains, sometimes trustees do not do what they are supposed to. Sometimes trustees make mistakes in carrying out their duties while other times, they knowingly fail to comply with the terms of the trust. If you are the beneficiary of a trust, there may be some things you can do to ensure that the trustee follows the terms of the trust.
Because a trust is created by a legal document, each trust contains rights and duties that are legally enforceable. If a trustee has not followed the terms of the trust, he or she is considered to be in breach of his or her duties. There are several steps a beneficiary should take when he or she believes that the trustee of his or her trust is in breach.
August 7, 2013 |
As a recent article explains, sometimes trustees do not do what they are supposed to. Sometimes trustees make mistakes in carrying out their duties while ...
Learn MoreAugust 6, 2013 |
After “Sopranos” actor James Gandolfini’s unexpected death at the age of 51, a recent article has described his estate plan as disastrous. Americans should take ...
Learn MoreAugust 1, 2013 |
As a recent article explains, the United States Supreme Court’s recent ruling on same-sex marriage will radically alter estate planning for same-sex married couples. Prior ...
Learn MoreJuly 31, 2013 |
In order to transfer assets to the next generation, some people may choose to use an LLP or LLC. Both of these are legal business ...
Learn MoreJuly 29, 2013 |
According to a recent change in U.S. patent law, specifically the Leahy-Smith America Invents Act, or AIA, the system has been switched from first-to-invent to ...
Learn MoreJuly 24, 2013 |
Can you imagine receiving a few hundred thousand dollars in your account when you were 18 years of age? Typically, parents wish to leave their ...
Learn MoreJuly 17, 2013 |
By creating a succession plan, a business owner can determine what will happen to his or her business once he retires, becomes incapacitated, or dies. ...
Learn MoreJuly 10, 2013 |
Often, succession plans for family businesses only consider the technical aspects of the business. However, it is just as important to consider the softer sides ...
Learn MoreJuly 3, 2013 |
Under the terms of a trust, a trustee holds legal title to the trust assets for the beneficiary. The trust documents dictate how and when ...
Learn MoreJune 26, 2013 |
The founder of the National Enquirer tabloid magazine, Generoso Pope, died in 1989. His two beneficiaries were his wife, Lois Pope, and his son, Paul ...
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