Pompano Beach Trustee Performance & Actions Lawyer

The law office of Mark R. Manceri, P.A. in Pompano Beach represents trustees and beneficiaries in the resolution of trustee disputes in Fort Lauderdale, Boca Raton and across Broward County. These disputes don’t always involve the breach of a fiduciary duty such as self-dealing. Often, the actions taken or not taken by a trustee form the basis of a dispute. Estates and trusts litigation attorney Mark R. Manceri is a board-certified specialist in such matters and can ably represent you in the resolution of your dispute.

Bad trustee decisions that affect beneficiaries

A trustee is obligated to hold and manage trust assets for the benefit of the beneficiaries, who will take title to the assets at some future date. Until that time, the property is within the control of the trustee. The trustee has a duty to the beneficiaries to manage those assets properly to ensure they don’t get damaged, destroyed or lose value. In fact, the trustee should be managing the assets in a way that they grow in value and provide a reasonable rate of return. A trustee should therefore have the knowledge and competence to act with prudence and reasonable business judgment. If the trustee is not a financial professional but is dealing with stocks, securities or other investments, it is incumbent on the trustee to seek and follow the advice of professionals such as stockbrokers or investment advisors and obtain their assistance as needed. A trustee could be held liable for performance or actions that harm trust property and could be required to pay back losses to the trust.

Beneficiaries have a right to know what the trustee is doing

Since beneficiaries hold equitable title to the trust assets, they are entitled to know at all times what actions are being taken in regard to trust property. Trustee performance should be transparent, and beneficiaries have a right to demand periodic accountings, including account balance, current market value and other relevant information about trust assets and property. Providing this information will help make the trustee accountable to the beneficiaries and hopefully prevent disputes or enable them to be resolved at the earliest stages. If litigation is required to force a trustee to take or refrain from certain actions, Pompano Beach estates and trusts attorney Mark R. Manceri provides a high level of quality legal representation based on more than 25 years of experience and board certification in Florida trusts and estates law.

Broward County Trust Disputes Resolved with Help of Expert Pompano Beach Litigator

For help in a trustee dispute involving questionable trustee performance or actions in Broward County, contact Mark R. Manceri, P.A. to speak with an experienced and successful Pompano Beach trust litigation lawyer.

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