Trusts & Trustee Fiduciary Duty

St. Louis Trust Attorneys – Breach of Duty Owed to Trust Beneficiary

Generally, a person is only liable for their own negligence. If they enter a contract, that duty can be expanded upon by agreed terms. A trust is a contract; however, because society recognizes the “special” nature of the relationship between a trustee and a trust beneficiary, its contract terms, by law, require (or prohibit) certain trustee actions.  This (in admittedly simple terms), is known as a fiduciary duty. A breach of this duty is considered so repugnant that the law provides for the award of the attorney’s fees necessary to correct the breach. (MO) /(IL) 

If you wish to speak, confidentially, to an attorney on such matters, please contact: Joshua M. Schindler, or Brian P. Doty

Contents © 2015, The Schinder Law Firm.All rights reserved.