What Happens When There Is An Accusation Of Breach Of Fiduciary Duty?

A fiduciary is an individual who serves as the representative of another individual's personal information such as his or her finances, trusts or medical decisions. A fiduciary is obligated to act in good faith, with the highest level of honesty.

In estate planning and probate matters, claims involving breaches of fiduciary duty can be brought by family members, heirs and beneficiaries of an estate. The Sevierville breach of fiduciary duty attorneys at our law firm represent people bringing claims against fiduciaries as well as fiduciaries requiring defense against allegations. Contact White & White, Attorneys at Law, to arrange a free initial consultation.

Breach of a Trustee's Fiduciary Duty During Probate

As experienced Maryville probate lawyers, we are familiar with the scenarios that can result in claims of breaches of fiduciary duty. These scenarios often center around the administration of trusts. When handling the administration of a trust or trusts, if the fiduciary has acted in bad faith or acted negligently, a claim can be brought against the individual. Acting in bad faith or acting negligently can range in behaviors such as mishandling an individual's money or taking the money for his or her personal use.

Family members, heirs and beneficiaries who have suffered financial losses due to breaches of fiduciary duty can seek compensation on behalf of the estate along with punitive damages. The fiduciary may be ordered to pay the trust or the estate. Additionally, beneficiaries can seek to have the fiduciary removed.

In complicated estate and probate matters, it is wise to choose a law firm with in-depth understanding of the law as it pertains to your specific situation. White & White, Attorneys at Law, possesses expansive knowledge of Tennessee probate laws and your rights and obligations under the laws.

Schedule Your Free Consultation Today

Whether you are bringing a claim against a fiduciary or require defense services for allegations of breaching a fiduciary duty, our attorneys can help you arrive at a favorable resolution of the dispute. Contact White & White, Attorneys at Law, online or call 865-622-7768 to schedule your free initial consultation.