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Bookmark or Share- Trustees' Legal Duties and Liabilities - JustiaA trustee is personally liable for a breach of his or her fiduciary duties. The trustee’s fiduciary duties include a duty of loyalty, a duty of prudence, and subsidiary duties. The duty of loyalty requires that the trustee administer the trust solely in the interest of the beneficiaries.
- breach of trust | Wex | US Law | LII / Legal Information InstituteBreach of trust in legal contexts refers to breaking the rules of a trust or a person taking advantage of property given to them for a period of time. Trusts have multiple explicit delineations of property and rules which a trustee must follow, and a breach
- Breach of TrustA breach of trust may range from a fraudulent disposal of trust property to an innocent dereliction of duties by investing trust moneys in unauthorised investments. The beneficiary is required to establish a causal connection between the breach of trust and the loss suffered either directly or indirectly by the trust.
- What Is a Breach of Trust? | RMO Lawyers, LLPUnder California law, embezzlement of trust property worth $950 or less is a misdemeanor with a maximum sentence of 6 months imprisonment. Stealing trust assets valued at over $950 is a felony offense, which can carry a jail sentence of up to 3 years.
- The Trustee's Guide to Breach of Trust Claims | RMO LawyersBreach of trust refers to any type of intentional or negligent, self-serving, erroneous, or retaliatory conduct committed by the trustee of a trust, resulting in harm to trust assets or beneficiaries.
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