Florida Breach Of Fiduciary Duty Estate Planning Lawyer
A fiduciary is an individual entrusted with the duty to act in the best interests of another party, particularly in financial or legal matters. The fiduciary duty they bear encompasses responsibilities such as loyalty, prudence and acting in good faith. This legal duty helps ensure that the fiduciary prioritizes the interests of those they serve above their own.
At The Law Office of Nicole C. Morris, P.A., our Florida attorney, Nicole C. Morris, has earned a reputation for helping those in Palm Beach and Palm Beach Gardens navigate complex estate planning disputes with skill and compassion. Our team’s dedication to personalized service allows you to rest easy, knowing your concerns are addressed with the care and precision they deserve.
Introduction To Breach Of Fiduciary Duty
A breach of fiduciary duty occurs when a fiduciary fails to fulfill their obligations, violating the trust placed in them. This can be especially damaging in estate planning, where fiduciaries often manage sensitive matters like trusts, wills and beneficiary rights.
Addressing a breach of fiduciary duty is crucial, as it helps to protect the interests of all parties involved, ensuring justice and integrity in the estate planning and administration process.
Common Causes Of Breach Of Fiduciary Duty
A breach of fiduciary duty can take many forms, including:
- Mismanagement of assets: Failing to properly manage estate funds or property
- Self-dealing: Prioritizing personal gain over fiduciary responsibilities
- Failure to follow terms: Ignoring the directives outlined in a will or trust
- Negligence: Lacking diligence in performing fiduciary duties
- Conflicts of interest: Engaging in transactions where the fiduciary benefits personally at the expense of the estate or beneficiaries
- Failure to disclose information: Withholding key details or failing to keep beneficiaries informed of decisions and estate activities
- Unauthorized transactions: Making decisions or financial moves without approval or outside the scope of authority
- Improper accounting: Neglecting to maintain accurate and transparent records of estate finances and transactions
- Abuse of discretion: Misusing decision-making powers granted under the terms of a trust or will
Recognizing these potential causes can help determine if you have cause for legal intervention.
Reach Out For A Complimentary Consultation
If you suspect a breach of fiduciary duty, let us help. Call us today at 561-702-6012 in Palm Beach Gardens or email to schedule a free consultation and take proactive steps toward resolution.