Did you know that trust mismanagement in Florida may be grounds for estate litigation Florida based on elder abuse? Florida probate litigation rules change often and the advice of a Florida probate lawyer can help you decide whether or not the bank’s mismanagement of family trusts constitutes elder abuse. Check out this recent case out of the Appeals Court in California to learn more.
Trust Mismanagement Florida and Elder Abuse
- Probate attorneys Florida know trust law.
- For example they know that the trustee has a duty to act prudently.
- That means that if the trustee acts recklessly with investments you may be able to retain an estate attorney Florida to handle the matter.
- But does it constitute elder abuse?
- Florida estate attorneys know that there are a variety of causes of actions(i.e. lawsuits) that can be brought against a Florida trustee.
- It is hard to name them all and some can be very creative.
- Elder abuse is one of the more creative ones.
- Florida estate lawyers should become versed on all of the alternative causes of action available including a potential claim of elder abuse.
- Check out this recent appeal from California to see what your will contest lawyer is talking about.
Galt v. Wells Fargo Bank, N.A.
- This was a trust dispute centered around the 2008 financial collapse.
- As trustee, Wells Fargo was in charge of various family trusts and their related investments.
- Various financial decisions were made during the financial collapse of 2008 and a trust that had been worth $26 million sank to $13 million.
- The plaintiff not only brought some traditional claims like breach of fiduciary duty, he also alleged elder abuse because he was 85.
- Does that make sense?
- Does this amount to elder abuse?
- Experienced Florida probate lawyers know that it depends on a lot of factors.
Want to learn more about elder abuse in Florida probate court?
Check out the entire case of Galt v. Wells Fargo to learn more, here is a free link click here.
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