Being a trustee involves a lot of responsibility. They must manage the trust efficiently and always act in the best interests of all the beneficiaries. If they don’t, this can have serious financial consequences.
Our expert solicitors could help you make a claim if a trustee has:
- Mismanaged trust funds – such as distributing them wrongly or making bad investments
- Used the trust funds as their own
- Failed to act impartially between beneficiaries
- Stopped a beneficiary from living in a property or accessing funds that they have a right to according to the terms of the trust
- Failed to pay trust income to a beneficiary
- Withheld information about the trust which they should have disclosed
- Otherwise acted in breach of trust or stood by and let a co-trustee act in breach of trust.
People usually set up trusts as a way of protecting and preserving their wealth for their family. It can be a vital part of estate planning, keeping money and assets safe for children and other dependants for the future.
Trustees have a duty of care to these beneficiaries, who rely on them to make the right decisions on their behalf. If they have breached this duty of care, we can help you:
- Remove or replace a trustee
- Get information about the trust and its accounts
- Recover money taken from the trust.
If a trustee has committed theft or fraud we can also help you bring criminal charges against them.
Our Wills, Trusts and Estate Disputes team is the largest in the UK and has resolved some of the country’s most high-profile disputes. We have particular expertise in dealing with complex and high-value estates.
Call today on 0345 604 4895 or fill out our online contact form and we’ll call you back.
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