Introduction A fiduciary is a person or entity who has been entrusted with the care of another’s assets, generally for the purpose of carrying out the desires or intent of the trustor. Because of the trust inherent in a fiduciary relationship,…
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If you are considering setting up a trust, it’s critical to select the right trustee to oversee it. A trustee has important obligations and responsibilities when it comes to managing, controlling, and administering a trust. Since trustees are given…
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Following the death of Phyllis Schlafly in 2016, a dispute arose among two of her adult children regarding an alleged breach of fiduciary duty in the disposition of assets that were held in trust.
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The 2nd District Appellate Court recently ruled that the Kendall County Court committed reversible error when it dismissed a lawsuit brought by the plaintiff against his two siblings arising out of the their unequal division of a trust estate.
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