Tampa Trust Litigation Attorney
The trustee of a trust owes the beneficiaries of that trust his or her honesty, prudence, and loyalty. When these duties are allegedly violated, experienced Tampa trust litigation attorney Wallace B. Anderson, Jr., can represent beneficiaries or trustees in cases regarding:
- Failure to make proper and timely distributions: A trustee must adhere to the terms of the trust instrument by making on-time, proper distributions in the proper amounts.
- Improper investments: The trustee is obligated to make prudent investments. Trustees are normally required to diversify the trust, make appropriate and suitable investments, and not take unnecessary risks.
- Self-dealing: Trustees who enrich themselves at the expense of the trust can be subject to penalties. Compensation to the trustee must be reasonable, not excessive.
During the lifetime of the settlor, a trustee owes a fiduciary duty to the settlor only. At the death of the settlor, however, any beneficiary may act to redress any breach of fiduciary duty that may have taken place prior to the death of the settlor.
EXPERIENCE YOU CAN TRUST
Tampa trust litigation attorney Wallace B. Anderson, Jr., has more than thirty years of experience representing clients in trust litigation matters. In addition to disputes between trustees and beneficiaries, Mr. Anderson represents beneficiaries and trustees regarding a number of other trust litigation matters. If the text of a trust needs to be amended in order to satisfy the settlor’s original intent, or if the language is unclear and the terms of the trust require interpretation, call attorney Wallace B. Anderson, Jr., immediately. A trust can be reformed if it does not reflect the true intentions of the settlor because of a mistake in the text or because of unclear or ambiguous language.
ARRANGE A FREE CONSULTATION
Attorney Wallace B. Anderson, Jr., provides high-quality legal services to clients in Tampa and the Tampa Bay area including Hillsborough, Pinellas, Pasco, and Hernando County. In trust litigation cases, you’ll want an experienced Florida living trust attorney who has helped others in similar circumstances. If you need legal help regarding a trust, arrange a free consultation today. Contact Wallace B. Anderson, Jr., promptly through the contact form on this website or call (813) 639-4255 as quickly as possible.