The Denver breach of fiduciary duty lawyer at Donald Glenn Peterson Attorney at Law has extensive experience representing our clients’ rights and interests in any dispute related to fiduciary duties.
A fiduciary is the legal term that refers to any individual who is appointed to be the trustee of a trust, the executor of a will, the personal representative of an estate and/or the agent with power of attorney, according to Colorado law. Although the fiduciary may end up being a lawyer or another professional who is fully aware of the duties that are associated with holding such a position, in many cases, a family member or other relative who is not familiar with fiduciary duties:
- May be appointed to be a fiduciary
- Make intentionally or unintentionally make decisions that breach his fiduciary duty, potentially leading to significant complications in the estate administration.
Specific fiduciary duties include:
- Maintaining loyalty to the decedent and family by not using fiduciary powers in the advancement of his own self-interests at the expense of an estate’s beneficiaries
- Maintaining impartiality in terms of dealings with both creditors and estate beneficiaries by fairly distributing assets to pay off any creditors and to appropriately bestow remaining assets among the beneficiaries in accordance with the intent of the decedent
- Abiding by the terms of the Colorado Uniform Prudent Investor Act when it comes to managing estate administration
- Settling all matters of the estate efficiently and with the best interests of the estate beneficiaries in mind.
Breaches of Fiduciary Duties
Some specific examples of breaches of fiduciary duties can include (but are not limited to):
- Favoring the interests of some creditors or beneficiaries over those of others
- Using fiduciary duties to advance one’s own self interests
- Commingling personal assets with the assets of an estate
- Making poor or risky investments with the assets of an estate or trust
- Failing to distribute an estate’s assets as stipulated by a will or trust
- Stealing from an estate or trust.
Consulting with an Experienced Denver Breach of Fiduciary Duty Lawyer
If you are a fiduciary facing allegations of breaching your fiduciary duty or you are another party looking to initiate breach of fiduciary duty charges against the fiduciary of an estate, the Denver breach of fiduciary duty lawyer at Donald Glenn Peterson Attorney at Law is here to help you aggressively protect your rights at every stage of the complicated legal process. Regardless of the nature of the dispute in your case, our full-service law firm can effectively defend your rights and interests to help you get through the legal process as favorably and efficiently as possible.
For more information regarding our services, as well as professional legal advice regarding the best manner in which to move forward with a breach of fiduciary duty claim, contact the experienced and trusted Denver breach of fiduciary duty lawyer at Donald Glenn Peterson Attorney at Law by emailing us or calling (303) 758-0999.