Trust Beneficiary Rights | Fiduciary Responsibility
Вставка
- Опубліковано 10 жов 2019
- Trust litigation lawyers, by default, become frequent advocates for the protection of trust beneficiaries and the assertion of their clients' rights. Ongoing complaints regarding the systemic overreach of banks, trust companies and California licensed professional fiduciaries acting as trustees are made at administrative levels and litigated, for the most part, at the probate court level.
The growing conservatorship reform movement is animated by the all too frequent financial exploitation, physical and emotional abuse visited upon our nation's most vulnerable citizens by conservators and guardians. This reform movement is worthy of its growing public attention. There's no dearth of stories and examples of abuse. There is a dearth of institutional advocates. And individual advocates are limited by time, money and geographic reach.
Still, the stories must be told. And as they are told, with time, the spotlight will grow brighter in the legal, non-legal, media, public policy, and legislative fields. The need is growing greater for skilled advocates to advance the cause of protecting the vulnerable.
I've made personal efforts in this area by writing two books about elder financial abuse: The Wolf at the Door and Alzheimer's, Widowed Stepmothers and Estate Crimes. Of course, far more needs to be said. Trustee abuse of beneficiaries may occur by the actions of unlicensed fiduciaries, licensed fiduciaries, banks or trust companies.
I've written extensively about trust beneficiary rights. These rights are important and critical to a functioning estate system. It is one thing when they are violated by unlicensed and unskilled fiduciaries. It is quite another when the violations are those of a trust company or a licensed fiduciary.
Read more: www.hackardlaw.com/trust-bene...
Thank u thank u
Im a combat vet and currently having way too many problems with my "fiduciary " who is not licensed in CA. I had an appointed fiduciary frim the VA and changed it too a family friend/relative and money is just dissapeared. I required to see my account and balance and was denied. I'm in the process of getting a competency review by the Veterans Administration. This program is awful, and the i will be requesting an audit by the Fiduciary Hub tomorrow. Just to warn young and old COMBAT VETERANS BE CAREFUL
I'm in the same boat as you. its utter hell and tramples on your rights as an American
✡️🦅
If you have LLC's (rental properties) under your living trust, when one spouse dies, if you make an adult step child the trustee for the LLC's only (so they can property manage) and the remaining living spouse as the beneficiary of LLC's, how do the rights apply? Spouse is still trustee of living trust. Or should living spouse still be trustee/beneficiary and just have in writing adult step child has first right to property manage said properties?
The trust has to be crystal clear to what exactly his/her's Responsibility's and duties has trustee! In what is appointed to the beneficiary and to what degree! Always remember u have to be exact to what the trustee responsibilities are to a T! I would make a clause that the trustee cannot sell said assets under any circumstances that would harm the beneficiary or damages the beneficiary substances in any way.
Can you hook me up with somebody in Michigan?
Same
You have no sound on video