Benefits of Creating a Trust Fund for Your Loved One
One of the most common misconceptions regarding trusts is that they only apply to wealthy families; however, there are numerous benefits to creating a trust fund whether or not you are upper-class. Trusts can help individuals customize and manage their assets and ensure they are properly distributed to beneficiaries after death. For the past thirty-eight…
Common Reasons Westlake Village Estate Lawyers Are Consulted for Litigation
When a person drafts a will or trust, they do so assuming that they are creating an iron-clad legal document that can be clearly followed by loved ones after their passing. Of course, this is not always the case and estate disputes can arise when loved ones feel as though the validity of the documents…
Understanding Trust Litigation
North V Wilkinson [2018] is a high-profile trust litigation case between entrepreneur John North and investor Wilkinson. North was a successful inventor who entered into an agreement with a manufacturer for the device he had built. He later sued the manufacturer for breach of contract, obtaining 17 million in damages. Now, the investors in North’s…
Signs That a Trustee Has Breached Fiduciary Duty
When a trust is given to a trustee, the trustee has agreed to manage the trust’s assets on behalf of the beneficiaries and must handle all trust assets by the terms dictated in the trust. If a trustee knowingly or unknowingly mismanages the trust’s assets and does not follow the terms described in the trust,…