North Carolina Court Reviews Special Needs Trust’s Purpose
When someone creates a trust — any trust — they have some purpose or goal. What is a special needs trust’s purpose? That seemingly simple question is the focus of a recent North Carolina case. Indeed, four different levels of that state’s courts seem to have trouble coming up with a straightforward answer. The guardianship […]
Court Rejects Trustee Removal Petition in Family Dispute
When our clients sign living trusts, they usually are thinking about how to simplify legal proceedings. Trusts normally are not subject to court supervision, which helps save court costs and fees. Without court oversight, though, the trustee of a trust can sometimes get crosswise with the beneficiaries. When things reach too difficult of an impasse, […]
Trustee Has Duty to Monitor His Lawyer’s Behavior
AUGUST 29, 2016 VOLUME 23 NUMBER 32 Are you a trustee, or named as successor trustee for a family member or friend? We regularly advise people in your circumstance that they should get good legal advice. Once you’ve done that, however, you are not absolved from any liability if things go wrong. A trustee is […]