Avoid Getting Scammed by a Shady Trustee

Avoid Getting Scammed by a Shady Trustee

Unfortunately, there are a number of ways that a shady trustee can get away with no liability under California Law. What are a few things that you need to know in order to cover yourself? Here are some ways to keep from getting scammed if your trustee goes rogue.

Full-Disclosure Is Your Best Friend
The fact is that unless the trustee fully discloses the details of a transaction, you can’t provide valid release or consent. That’s the good news. The bad news is that if you do receive full disclosure, it is up to you to catch a bad transaction before providing consent or release. If the disclosure was made to you in writing, you don’t even have to consent in order for your trustee to be free from a lawsuit. And there is a timeframe to think about as well. You only have 3 years to file your lawsuit after the transaction is disclosed to you in writing.

By the way, this does not include things like exculpation, which basically allows a trustee to get away with negligence, and equity, which allows a probate court to side with the trustee even if the trustee is at fault. So how can you keep a trustee accountable for how the trust is handled?

If You Need to Call a Trustee to Account
The Petrov Law Firm is ready and willing to help you defend your trust and hold a trustee accountable for his or her actions. The fact is that equity can work for you as well. You just need to convince the courts that siding with you over the trustee is fair and just. That’s where having an experienced law firm in your corner comes in. Give us a call at 619-344-0360 today to set up a consultation.