Skip to content

24/7 Call Answering

706-420-6400

Norris Injury Law
Main Menu
  • Home
  • About
    • Blog
    • Case Results
    • Video Testimonials
  • Our Team
    • Attorney Blaine Norris
    • Attorney John R. Autry
    • Attorney Reid Peacock
  • Personal Injury
    • Truck Accidents
    • Motorcycle Accidents
    • Bike And Pedestrian Accidents
    • Nursing Home Liability
    • Premises Liability
    • TBI Accidents
  • Car Accidents
    • Lyft Accidents
    • Uber Accidents
  • Locations
    • Athens GA
      • Athens Personal Injury Lawyer
      • Athens Bicycle Accident Lawyer
      • Athens Brain Injury Lawyer
      • Athens Car Accident Lawyer
      • Athens Construction Site Injury Lawyer
      • Athens Daycare Injury Lawyer
      • Athens Distracted Driving Accident Lawyer
      • Athens Head-On Collisions Lawyer
      • Athens Hit And Run Accident Lawyer
      • Athens Lyft Accident Lawyer
      • Athens Motorcycle Accident Lawyer
      • Athens Multi-Vehicle Pile-ups Lawyer
      • Athens Nursing Home Abuse Lawyer
      • Athens Rear-End Collisions Lawyer
      • Athens Rideshare Lawyer
      • Athens Rollover Car Accident Lawyer
      • Athens Roundup Lawyer
      • Athens Self-Driving Car Accident Lawyer
      • Athens Side-Impact Collisions Lawyer
      • Athens Single-Vehicle Accident Lawyer
      • Athens T-bone Accident Lawyer
      • Athens Truck Accident Lawyer
      • Athens Wrongful Death Lawyer
    • Winder GA
      • Winder Spinal Cord Injury Lawyer
      • Winder Slip and Fall Lawyer
      • Winder Accident Lawyer
      • Winder Pedestrian Accident Lawyer
      • Winder Wrongful Death Lawyer
      • Winder Nursing Home Abuse Lawyer
      • Winder Motorcycle Accident Lawyer
      • Winder Rideshare Accident Lawyer
      • Winder Bicycle Accident Lawyer
      • Winder Roundup Lawyer
      • Winder Truck Accident Lawyer
    • Watkinsville GA
      • Watkinsville Personal Injury Lawyer
      • Watkinsville Bicycle Accident Lawyer
      • Watkinsville Brain Injury Lawyer
      • Watkinsville Car Accident Lawyer
      • Watkinsville Catastrophic Injury Lawyer
      • Watkinsville Dog Bite Lawyer
      • Watkinsville Lyft Accident Lawyer
      • Watkinsville Nursing Home Abuse Lawyer
      • Watkinsville Pedestrian Accident Lawyer
      • Watkinsville Rideshare Accident Lawyer
      • Watkinsville Roundup Lawyer
      • Watkinsville Slip and Fall Lawyer
      • Watkinsville Spinal Cord Injury Lawyer
      • Watkinsville Truck Accident Lawyer
      • Watkinsville Uber Accident Lawyer
      • Watkinsville Motorcycle Accident Lawyer
      • Watkinsville Wrongful Death Lawyer
      • Watkinsville Personal Injury Lawyer
    • Jefferson GA
      • Jefferson Car Accident Lawyer
    • Lawrenceville GA
      • Lawrenceville Car Accident Lawyer
      • Lawrenceville Motorcycle Accident Lawyer
      • Lawrenceville Truck Accident Lawyer
  • Contact Us

24/7 Call Answering

706-420-6400

Your Georgia Injury Attorneys

When Can A Trustee Be Held Personally Liable for Acts Done While Acting As A Trustee?

Google


Based on 120+ reviews

When Can A Trustee Be Held Personally Liable for Acts Done While Acting As A Trustee

Handling the aftermath of an accident on your own is adding insult to injury.

We are here to make sure you are taken care of.

Trust Lawyer

A trust lawyer knows that a trustee is responsible for managing the trust and working with the beneficiaries. Trustees have a fiduciary duty, or a legal obligation, to act solely in the interest of the beneficiaries by fulfilling the instructions of the trust as the trustor has required. A trustee must be respectful and careful, loyal, and impartial when serving as the trustee, and cannot take advantage of their trusted position to self-deal or glean benefits for themselves from the trust.

If you have been named as a trustee, developing a full understanding of what the legal obligations are as a trustee can be confusing, especially if you have limited legal experience dealing with trusts. An experienced trust lawyer can assist you.

A Breach of Fiduciary Duty Opens Trustees Up to Personal Liability

Trustees can be held personally liable for acts, or failures to act, as a trustee when the trustee does not carefully and diligently adhere to the trustee’s duties. When a trustee commits a breach of his or her fiduciary duty, the trustee opens themselves up to liability for their actions taken while acting as the trustee. A handful of examples where a trustee can be held personally liable for acts done while acting as a trustee are noted below:

  • A trustee may be held personally liable if there is a conflict of interest biasing the trustee’s judgment when it comes to the interests of the trust. Self-dealing or making decisions or investments using the trust’s funds that in some way benefit the trustee either directly or indirectly will expose the trustee to liability. 
  • A trustee can be held personally liable for any interest and/or penalties that accrue for taxes filings that are made late. Liability exists because filing the appropriate tax forms on behalf of the trust is a responsibility that lies with the trustee.
  • A trustee could be held financially liable for losses on stock diversifications on behalf of the trust, or a failure to diversify if losses are substantial. The trustee has an obligation to serve in the best interests of the trust beneficiaries and failing to diversify when stocks are concentrated in a single company can lead to a significant loss in value of the trust.
  • A trustee can be held liable for commingling personal finances and the trust finances, especially in situations where the trustee is a family member of the beneficiaries. A trustee can avoid the appearance of impropriety by maintaining clear and thorough accounting records of the finances of the trust, and clear documentation regarding his or her personal finances.

Contact an Estate Planning Law Firm Today

If you are a trustee with concerns about a course of action for the trust you manage, make sure you speak with a lawyer who is skilled and knowledgeable in estate law. Call an experienced attorney, like a trust lawyer from a law firm like Carpenter & Lewis PLLC.

Schedule your free consultation today!

Please enable JavaScript in your browser to complete this form.
Loading

Real case results

$2,500,000

Trucking Collision

$2,100,000

Car Wreck/Wrongful Death

$1,500,000

Life Insurance Dispute

$1,100,000

Pedestrian Hit Near Crosswalk

Norris Injury Law

Practice Areas

Main Menu
  • Personal Injury
  • Car Accidents
  • Truck Accidents
  • Motorcycle Accidents
  • Bike And Pedestrian Accidents
  • Nursing Home Liability
  • Premises Liability
  • TBI Accidents
  • Lyft Accidents
  • Uber Accidents
  • Employment Litigation
  • Business Litigation

What our clients have to say

Norris Injury Law

Contact Us

Tell Us What Happened

Available 24/7 | Call 706-420-6400

Please enable JavaScript in your browser to complete this form.
Loading
Norris Injury Law

Free Case Evaluation | Contact Us 24/7 |

706-420-6400
  • 1143 Prince Avenue
    Athens, GA 30606
  • Call Our Office:
    706-420-6400
  • 440 Perry Street, Suite 102
    Lawrenceville, GA 30046
  • Call Our Office:
    770-762-3131
  • New Clients:
    706-420-6400
  • Existing Clients:
    706-850-9400
  • Email Us:
    [email protected]
Facebook Map-marked-alt
  • 1143 Prince Avenue, Athens, GA 30606
  • Call Our Office: 706-420-6400
  • 440 Perry Street, Suite 102, Lawrenceville, GA 30046
  • Call Our Office: 770-762-3131
  • New Clients: 706-420-6400
  • Existing Clients: 706-850-9400
  • Email Us: [email protected]
  • 1143 Prince Avenue, Athens, GA 30606
  • Call Our Office: 706-420-6400
  • 440 Perry Street, Suite 102, Lawrenceville, GA 30046
  • Call Our Office: 770-762-3131
  • New Clients: 706-420-6400
  • Existing Clients: 706-850-9400
  • Email Us: [email protected]
Facebook Map-marked-alt

Accident Lawyer Winder, GA

Bicycle Accident Lawyer Lawrenceville, GA

Car Accident Lawyer Lawrenceville, GA

Car Accident Lawyer  Winder, GA

Head-On Collisions Accident Lawyer Athens, GA

Motorcycle Accident Lawyer Athens, GA

Motorcycle Accident Lawyer Lawrenceville, GA

Nursing Home Abuse Lawyer Athens, GA

Personal Injury Lawyer Lawrenceville, GA

Personal Injury Lawyer Winder, GA

Rear-End Collisions Accident Lawyer Athens, GA

Slip And Fall Lawyer Lawrenceville, GA

Slip And Fall Lawyer Winder, GA

Truck Accident Lawyer Lawrenceville, GA

Wrongful Death Lawyer Athens, GA

Wrongful Death Lawyer Lawrenceville, GA

2025 © Norris Injury Law – All Rights Reserved | Powered by Matador Solutions | Sitemap | Privacy Policy | Disclaimer

Scroll to Top