Legal Question in Wills and Trusts in Texas
trust law
If a trust was set up for a family, to
hold a specific family stock in trust for
thirty five years, and for that specific
stock not to be sold, and the bank
(trustee) sold that stock right away
what is the recourse?
Asked on 3/25/07, 1:48 am
2 Answers from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: trust law
If the "no sale for 35 years" was part of the trust document, the bank can be sued for breaching their duty.
Answered on 3/27/07, 6:20 pm
Cheryl Rivera Smith
The Smith Law Firm
Re: trust law
The trust agreement would need to be examined to properly answer your inquiry.
Answered on 3/25/07, 5:18 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
