Every state that recognizes trusts as legal entities imposes fiduciary duties upon the Trustee of such trusts. These duties may have different names in different jurisdictions, but ultimately a breach of fiduciary duties means that the Trustee failed to fulfill their duties as expressed in the trust instrument and under local law. This article examines a case ripped from the headlines that demonstrates the importance of choosing the right individuals to serve as fiduciaries. Read on to learn more.
Michael J. O’Brien is a practicing attorney and a founding partner of Cleveland-based The O’Brien Law Firm LLC. Mr. O’Brien’s firm emphasizes estate and trust planning and administration, probate, corporate planning, family business, family limited partnership and charitable trust and private family foundation planning Read More!
Latest posts by Michael O'Brien (see all)
- When the Beneficiary Is the Defendant: Slayer Statutes and Estate Planning - September 25, 2026
- That Would Never Happen: The Most Dangerous Words in Estate Planning - May 5, 2026
- IRS Warning: The 2026 Dirty Dozen Tax Scams - April 21, 2026
