A trustee of a trust or an executor of a will is a legally appointed fiduciary. The fiduciary is a person with a legal duty to manage finances properly on behalf of the heirs/beneficiaries. A power of attorney is also a fiduciary with specific duties and obligations. If any "fiduciary" fails to appropriately discharge their duty, you can take action.
Has a fiduciary in charge of your family's finances:
- Refused to provide data to you or other family members about how a trust or estate is being managed?
- Failed to file tax returns in a timely manner?
- Paid off their own debts before providing trust money to other beneficiaries?
- Used their power of attorney to manipulate or change bank accounts or self-gift?
- Committed a breach of fiduciary duty in any other way?
Our Cleveland breach of fiduciary lawyers can help you determine if there has been a breach of fiduciary duty. We will help you get what is right for you and your family.
What is Breach of Fiduciary Duty?
A trustee or executor does not have to deliberately commit wrongdoing in order to be guilty of breach of fiduciary duty. They may have simply failed to handle something properly due to negligence.
The fact of the matter is that not everyone is able to handle the financial responsibilities that come with being appointed as a fiduciary. Our breach of fiduciary attorneys can help put things in order.
Cleveland Breach of Fiduciary Duty Lawyers
Our team will work with you and your family to explore the options that are available if a breach of fiduciary duty has occurred. These options may include removing and replacing the fiduciary or filing a claim against them to have misplaced finances returned to the family.
You can count on us to carefully look at your situation to determine the steps that are right for you.
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