Legal Question in Wills and Trusts in California
sucessor trustee
Parent died in 2000 and named married child as successor trustee. Parent included minor child to receive a substantial sum of money when she was 17. She's 17 and the trustee has spent all the money in the trust. Is this illegal?
1 Answer from Attorneys
Re: sucessor trustee
Sounds like there may be a breach of fiduciary duty by the successor trustee, but to be certain I would need to see the trust. What I am looking for is the powers of the trustee to invade the corpus. I would additionally be looking for how the specific sum was left to the minor; via separate account, etc.
We specialize in wills, trusts and estates so I am certain we can assist you, however, these are not issues that I would want to discuss here in such a public forum.
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