Breach of Fiduciary Duty Attorney Los Angeles
There are many circumstances in administering trusts or estates where a fiduciary (executor or trustee) may have caused damage to the estate or trust, and ultimately to the beneficiary.
Some situations which may involve a breach are described below:
1. The fiduciary benefits himself/herself to the detriment of the estate or trust.
2. The trust or estate assets lose value because of an action by the fiduciary.
3. The trust or estate assets lose value because of mismanagement by the fiduciary in improperly investing the assets of the trust or estate.
4. The fiduciary favors one beneficiary which results in a loss to another beneficiary.
5. The fiduciary commingles assets of the estate or trust, with his own personal assets.
6. The fiduciary conceals assets of the probate or trust estate.
7. The fiduciary fails to take action to protect the assets of the trust or estate which are ultimately lost as a result of inaction.
8. Trustee or Executor fails to provide an accounting.
Unfortunately, beneficiaries wait too long to take action to remedy the loss or prevent further loss from occurring. We can help you recover assets if you act fast. Breaches of Fiduciary duty have short statutes of limitations from the time the breach should have been discovered. If you are given an accounting, the time for reviewing actions by a fiduciary are even shorter. Our beneficiary attorneys in Los Angeles can assist you in reviewing actions by executors and trustees.
Contact Mina Sirkin, Certified Specialist in Probate, Estate Planning and Trust Law. Breach of Fiduciary Duty Attorney Los Angeles. For appointments call: 818.340.4479.