Breach Of Fiduciary Duty

When selecting a fiduciary for a loved one’s estate, you are placing trust in an individual to look out for the best interests of your loved one while setting self-interest aside. Fiduciaries hold positions of trust and confidence and must adhere to the highest legal and ethical standards.

The Important, Yet Sometimes Thankless Role Of The Fiduciary

In Connecticut, a fiduciary’s obligations are as follows:

  • Protecting the interests of people entitled to an estate’s assets or the beneficiaries of a will or trust
  • Disclosing all material facts to beneficiaries of a trust or estate
  • Exercising a level of care that reasonable people would devote to if they had a say in their affairs
If You Suspect Breach Of Fiduciary Duty Or Abuse Of Trust, Act Now

Should a family member of the deceased dispute the counseling of the fiduciary, guardians, trustees, holders of powers of attorney face accusations that include:

  • Selling/renting property and stealing assets for personal use
  • Overpaying themselves for fiduciary services
  • Reimbursement for unreasonable expenses
  • Making poor investment choices

Differing views on what is reasonable and prudent lead to disputes arising between fiduciaries and beneficiaries. One side may see a strategy as prudent while the other will find it to be too conservative or risky.

Contact A Bridgeport Probate Lawyer Today

For more information on breaches of fiduciary duty, fill out our online intake form or call 203-864-6625 for a free initial consultation to discuss your specific needs. Learn more about frequently asked probate questions.