A trustee’s management of trust assets could be challenged or the trust’s execution and terms may be challenged. This more often than not results in trust litigation. A trustee is held to a higher standard of accountability under the law. The trustee acts as fiduciary, he or she must put the interest of the trust and the beneficiaries ahead of his or her own interests. Trustees are placed under scrutiny by those persons who established the trust, beneficiaries, and the court.
Trust Claims often include:
When a person passes without a trust in place (i.e., with just a testamentary will, or without a will (intestate)), Disposition of the deceased person’s estate are handled through the probate process.
These types of conservatorships can also be broken down into: