Legal Question in Wills and Trusts in Texas
Trust Management Dispute
I am a beneficiary of a trust established by my late grandmother. This was a revocable living trust written by her attorney, and naming her attorney as both personal representative for probate and successor trustee. The document basically gives the attorney the right to pay himself indefinitely out of the trust for 'estate work' with no distributions for up to 30 years, and no end in sight. After two years, the heirs have decided to take action. My question is, if we sue this attorney, can he use the trust assets to fight our claim against him? Will this just lead to further depletion of the trust? Is there some sort of 'stop action' that can put a hold on the trust funds until the matter is resolved?
1 Answer from Attorneys
Re: Trust Management Dispute
If you're asking these kind of questions, you need to confer with your attorney who will pursue this matter for you. Sounds like a breach of fiduciary duty somewhere most likely. Good Luck.
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