Being a trustee involves a lot of responsibility. They must manage the trust efficiently and always act in the best interests of all the beneficiaries. If they don’t, this can have serious financial consequences.
Our expert solicitors could help you make a claim if a trustee has:
Mismanaged trust funds – such as distributing them wrongly or making bad investments
Used the trust funds as their own
Failed to act impartially between beneficiaries
Stopped a beneficiary from living in a property or accessing funds that they have a right to according to the terms of the trust
Failed to pay trust income to a beneficiary
Withheld information about the trust which they should have disclosed
Otherwise acted in breach of trust or stood by and let a co-trustee act in breach of trust.
People usually set up trusts as a way of protecting and preserving their wealth for their family. It can be a vital part of estate planning, keeping money and assets safe for children and other dependants for the future.
Trustees have a duty of care to these beneficiaries, who rely on them to make the right decisions on their behalf. If they have breached this duty of care, we can help you:
Remove or replace a trustee
Get information about the trust and its accounts
Recover money taken from the trust.
If a trustee has committed theft or fraud we can also help you bring criminal charges against them.
Our Wills, Trusts and Estate Disputes team is the largest in the UK and has resolved some of the country’s most high-profile disputes. We have particular expertise in dealing with complex and high-value estates.
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