As trusts become more popular in estate planning, so do disputes over management and distribution of trust funds. While some disputes are due to misunderstandings of the terms of the trust, others may involve wrongdoing by a trustee.
At The Law Offices of Kennedy & Jackson in Houston, Texas, our lawyers have decades of experience advising trustees, secondary trustees and trust beneficiaries. Our attorneys — both of whom are board-certified in estate planning and probate law by the Texas Board of Legal Specialization — are highly qualified to provide advice and representation on claims of mismanagement and misappropriation of trust funds.
The following are examples of issues that arise in management of trust funds:
- Conflict of interest or self-dealing by a trustee
- Failure to manage trust assets
- Failure to provide routine accountings
- Liquidation of trust assets
- Theft of trust funds
- Transferring assets to people who do not have a right to receive them
- Mismanagement of assets
- Failure to disclose information about trust assets or disbursements
- Disputes concerning language in a trust
- Creditor claims against trusts
Trustees have a fiduciary duty to treat trust funds like it isn’t their money. Trustees are also required to distribute the funds to beneficiaries according to the terms of the trust document. A trustee who has acted wrongly may be compelled to restore assets to the trust or may be removed. Our law firm represents both trustees and beneficiaries of trustees in Greater Houston, Harris County and beyond.
CONTACT A TRUST FUND LAWYER IN HOUSTON
Our law office is located in the Galleria area of Houston, with free on-site parking available next to our office building. We provide a complimentary — and confidential — initial consultation to all new potential clients.
To schedule an appointment with one of our lawyers, call 713-783-7444 or send us an email.