Exactly how do you proceed when there has been a breach of trust. Failure to report the yearly financial records - 2 years delinquent? Trustee has been asked repeatedly - nothing.
Asked on 9/24/10, 7:11 am
2 Answers from Attorneys
Kellen Bryant
Law Office of R. Kellen Bryant, P.L.
If you are a beneficiary of the trust, then you are entitled to an accounting of the trust assets. You can sue the trustee to receive an accounting. Typically in these type of situations, trustees have typically breached their duties as trustee. Self dealing or carelessness in managing the trust assets are common.
Answered on 9/29/10, 7:36 am
Mr. Bryant is correct. To force a correction is to file an action in court. It may include a demand for removal of the Trustee if circumstances warrant it.
Answered on 9/29/10, 7:55 am
