Ensuring Fair and Honest Disclosure
An individual who agrees to act for another in a fiduciary scenario is legally entitled to act in a manner that is in the best interest of the client. The fiduciary must act with care and his or her behavior is held to a high standard of honesty and full disclosure in the interest of the client, and the fiduciary may not partake of the trust at the expense of the client. An appointed trustee has a legal obligation to fully and completely disclose to beneficiaries how the trust is being distributed. Unfortunately, it is not uncommon for trustees to be dishonest in the process and keep part of the money for personal purposes. Any dishonest behavior on the trustee's behalf or breach of contract is a legal matter with serious legal ramifications. In these kinds of scenarios it's therefore important to hire experienced legal representation that can help return property to the trust.
Newport Beach securities fraud lawyer William B. Hanley has more than 36 years of experience representing clients in various breaches of fiduciary duties and can help you too.
Orange County Breach of Fiduciary Duty Attorney
In cases where the trustee or the fiduciary is abusing his or her power there are four elements to keep in mind:
- Definition of the duty
- Breach of duty
- Causation of the breach of duty
- Damages as a result of the breach of duty
When reviewing a breach of duty it is important to determine whether or not the defendant behaved in the same reasonable manner that another individual would have, given the same circumstances.
Contact an Orange County Lawyer Today
If you are seeking legal representation or would like more information about our services contact attorney William B. Hanley's office today for a free consultation. You can reach Mr. Hanley toll free at 866-586-2038 or by contacting him online.
