Legal Question in Wills and Trusts in California
I'm a beneficiary in a trust where the Trustee has made reckless and unwise investments, despite my specific objection. The Trustee also has taken out, and used,(for investment purposes), a line of credit that involves trust assets as collateral. Do I have any recourse? Also, the Trustee has not done a proper accounting. I have no funds at all. Is there anything I can do? Can I bring fraud charges against the Trustee? (And would these be criminal or civil actions?)
1 Answer from Attorneys
It's possible they may be criminal, but it's up to the police and district attorney to decide, and they do not often get involved in these disputes, which means it may fall to you to protect yourself in civil (most likely probate) court. This costs money, but it's worth having a probate litigation/trust attorney review the documents to see whether they could take their fees out of the recovery later.
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