The Denver breach of fiduciary duty lawyer at Donald Glenn Peterson Attorney at Law will aggressively represent our clients’ rights and interests in any fiduciary duty dispute.
Fiduciaries, who can be legal professionals or an appointed family member, are individuals who are granted specific powers by a will or trust that allow them to carry out the stipulations contained in these documents in the event a person has died or become incapacitated. Specifically, according to Colorado law, fiduciaries can include:
- The trustee of a trust
- The executor of a will
- The personal representative of an estate
- The agent with power of attorney.
While anyone who is appointed to be a fiduciary will be legally obligated to not use his powers to further his own self-interests (by, for example, stealing from an estate), fiduciaries also have the legal duties of:
- Complying with the Colorado Uniform Prudent Investor Act
- Doing their best to resolve all matters of estate administration as efficiently as possible and with the best interest of the beneficiaries in mind at all times
- Remaining impartial as they distribute the assets of an estate among the beneficiaries.
When a beneficiary, creditor or any other party alleges that a fiduciary has breached these duties, the matter can be brought before a judge, and the resulting litigation can be emotionally stressful, contentious and lengthy.
Examples of Claims against Fiduciaries
Some specific claims that can be brought against fiduciaries 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 a claim against a fiduciary, 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.