New York Attorneys - Trust Contests
A trust contest is similar to a will contest. An individual may use a revocable trust, rather than a will, to provide for the ultimate distribution of his or her assets upon death. In other instances, an individual may create an irrevocable trust during life (usually in order to avoid taxes) for the benefit of family members or charities. Like a will, the validity of a trust may be contested.
The trustee of a trust owes the beneficiaries of that trust certain fiduciary duties of honesty, prudence, and loyalty. When those duties are violated by a trustee, the beneficiaries may assert the following claims, among others:
- Failure to make proper and timely distributions
- Improper investments
- Self-dealing
- Excessive trustee compensation
Innovative, Creative, Aggressive and Experienced
Weisman Law Group, P.C.
(516) 256-7737
