Legal Question in Wills and Trusts in Utah
Trust regulations
What are the consequences/legal ramifications to a trustee if they fail to comply with the conditions/terms outlined in a trust?
Asked on 12/05/00, 10:05 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Trust regulations
The trustee can be held personally liable for any breach of his/her trustee obligation. An action for an accounting can be brought by one or more of the beneficiaries wherein the trustee is required to show what actions he/she took; if there is a material breach of his/her trustee duties, the trustee will have to reimburse the trust and will probably be relieved of his/her trustee position.
Answered on 12/07/00, 10:34 am