What to Do When a Trustee Mismanages the Trust?
A trust is a document that is created for an individual or an entity, who is called as trustee to manage the property of the trustor. An irrevocable or living trust can only be created when the trustor is alive, without the presence of the trustor, a revocable trust can be prepared to state how the asset will be distributed in the absence of the trustor. Meanwhile, a trustee is appointed to oversee the trust and distribute the trust accordingly to the assigned person in the will. At this point in time, if the trustee mismanages the account of the trust, he/she can be sued for improper accounting. The trustor or the beneficiary of the property can hire Los Angeles trust litigation attorney and look out for the best legal solution.
The trustee is the smartest way to keep the asset from going through probate and avoid estate taxes. The theory of transferring the property to the trustee is quite simple but the problem arises only when the trustee mismanages the trust and causes the trust beneficiaries to lose the money to which they are entitled to. At this time, the trust attorney in Thousand Oaks manages complex financial cases and legal issues and present clients’ position to the court. The attorney is qualified and experienced enough to represent the case related to trusts and estate.
It is very important for the Los Angeles trust litigation attorney to prove in the court that the trustee has mismanaged the property and must recover all damages. The beneficiaries must provide all prove to the attorney that the mismanagement of the trustee led to financial losses. If the court finds the trustee to be guilty causing the beneficiaries to lose what they should have received from the trust, the court will give an additional financial award to the beneficiaries. In the meantime, the attorney strives hard to give justice to the beneficiaries and provide what they are the claimant of.
Therefore, if a beneficiary finds assistance with estate planning, probate procedures, trust administration or any other any kind of inheritance dispute, then it is best to contact Trust Litigation Attorney Los Angeles, who will help meet needs of the trust and protect their financial interest. The trust and estate lawyers handle litigation with an advanced level of sensitivity and compassion while preserving the legal right and interest of the client.
