When the Trustee Steals From a Trust

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What to do when a trustee steals from a trust.

It has happened before and it will happen again - sometimes, unfortunately, a trustee embezzles funds from a trust.

You might say, "How could this happen?"

Well, what a trustee is or becomes corrupt, the trustee, who has access to the trust accounts, has the ability to breach his or her duty of loyalty to the beneficiaries and misappropriate trust assets.

Beneficiaries who suspect that a trustee has stolen trust funds should immediately request information from the trustee regarding trust accounts.

So be careful with your trustee designations, particularly your individual trustee designations - as opposed to a corporate trustee designation.

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This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.

Paul Rabalais
Estate Planning Attorney