Let’s say you suspect that one of the above activities has occurred.
Managing the trust assets in a negligent way or in bad faith (with the intent to deceive).Accepting a bribe or kickback relating to the trust assets.Favoring one beneficiary to the detriment of one or more other beneficiaries.Co-mingling personal funds with trust funds.
Engaging in “self-dealing” by placing their own interests above those of the trust beneficiaries.Here are some common examples of how a trustee may commit a breach of trust: Any failure to observe their fiduciary duties exposes them to a lawsuit by the trust beneficiaries. Trustees have a broad range of legal duties under the California Probate Code. When a trustee engages in conduct that harms trust assets or beneficiaries, whether intentionally or through negligence, this is considered a breach of trust.
#Criminal breach of trust examples how to
If you feel the trustee has committed a breach of trust, you need to understand how to recognize a breach of trust and what you can do about it.
If you’re a trust beneficiary who suspects the trustee of wrongdoing, you may wonder: What is a “breach of trust”? A breach of trust occurs when the trustee fails to observe their fiduciary duties under the California Probate Code or to carry out the terms of the trust instrument.
0 kommentar(er)
