Legal Question in Wills and Trusts in Texas

trust law

If a trust was set up for a family, to

hold a specific family stock in trust for

thirty five years, and for that specific

stock not to be sold, and the bank

(trustee) sold that stock right away

what is the recourse?


Asked on 3/25/07, 1:48 am

2 Answers from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: trust law

If the "no sale for 35 years" was part of the trust document, the bank can be sued for breaching their duty.

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Answered on 3/27/07, 6:20 pm
Cheryl Rivera Smith The Smith Law Firm

Re: trust law

The trust agreement would need to be examined to properly answer your inquiry.

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Answered on 3/25/07, 5:18 pm


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