Texas Lawyers Blog

Description

The Texas Lawyers Blog provides useful information on the law and Texas lawyers. For more information on this Blog or a legal topic, please feel free to submit an inquiry or send an e-mail message to blog@texaslawyers.com

Tuesday, April 29, 2008

Texas Breach of Fiduciary Duty Lawsuits

A Variety of Relationships and Positions Can Create Liability Under Texas Breach of Fiduciary Duty Laws by Texas Breach of Fiduciary Duty Lawyer Jason Coomer  Under Texas law, a person who holds a special position of trust and has the power to act for another person or entity such as an estate, trust, partnership, or corporation will have a fiduciary duty to act in another person's or entities' best interest that goes along with that position.  Examples of persons that have fiduciary duties under Texas law include Guardians, Executors, Administrators, persons holding powers of attorney, banks, lawyers, agents, corporate officers, and corporate directors.  Fiduciaries that breach their fiduciary duty and that breach results in loss of money can often be held accountable for any money lost. For more information on Texas Breach of Fiduciary Duty Lawsuits, please read below or click on the following link: Texas Breach of Fiduciary Duty Lawyer.
Texas Executor Fraud Lawsuits and Breach of Fiduciary Duty Lawsuits
An executor of an estate has to take an oath to fulfill the wishes of the decedent's Will. Failure to properly comply with the Will or violating the oath of the executor can result in a breach of fiduciary duty lawsuit against the executor for failure to comply with the decedent's wishes. Executors that commit fraud or negligently lose or destroy assets in an estate can be held responsible under Texas law for wrongful acts. If you are a beneficiary of a Will and an executor has negligently lost or intentionally stolen estate property, it is important to hire a Texas Negligent or Fraudulent Executor Lawyer that can help rightful beneficiaries seek compensation for theft or negligence by an executor.
Texas Administrator Fraud and Breach of Fiduciary Duty Lawsuits
Administrators like Executors have a duty under Texas probate law to properly manage and distribute an estate. Administrators have to take an oath to fulfill Texas law in managing an estate. Failure to comply with Texas probate can result in a breach of fiduciary duty lawsuit against the administrator for failure to comply with the decedent's wishes. Administrators that commit fraud or negligently lose or destroy assets in an estate can be held responsible under Texas law for wrongful acts. If you are an heir or beneficiary of a estate that has been mismanaged, it is important to hire a Texas Negligent or Fraudulent Administrator Lawyer that can help rightful heirs and beneficiaries seek compensation for theft or negligence by an administrator.
Texas Powers of Attorney Fraud and Breach of Fiduciary Duty Lawsuits 
Persons holding a power of attorney for someone else have a fiduciary duty to keep records of the transactions that they make for that person as well as to act in that person's best interest. Intentional or negligent failure to adhere to these fiduciary duties can result in legal action against the person holding the power of attorney.
Texas Inheritance and Probate Fraud Lawsuits 
Probate Fraud Lawyer Jason Coomer handles breach of fiduciary duty lawsuits and claims where probate fraud, guardian fraud, executor fraud, Will fraud, Will forgeries, misuse of a power of attorney, or other malfeasance has occurred. As a Texas Probate & Inheritance Fraud Lawyer, he helps wards, heirs, and beneficiaries seek compensation from guardians, executors, administrators, and others that have intentionally stolen or negligently lost money and other property.

No comments: