by Christian Niklas, Esq. | Dec 13, 2021 | News
Are indemnity clauses a Trustee’s best friend or worst nightmare? A trust is not a separate legal entity like a corporation or a partnership, therefore the trustees act in a personal capacity. Because the trustee is acting in a personal capacity, he or she is exposed...
by Christian Niklas, Esq. | Nov 2, 2021 | Articles
You should know about these important changes in the statutes of limitations. This content is for members only. If you are a member, please log in. Visit our membership page if you would like to become a member. ...
by Christian Niklas, Esq. | Nov 2, 2021 | Articles
In Arizona, a violation of a duty the trustee owes to a beneficiary is a breach of trust. Ariz. Rev. Stat. Ann. § 14-11001. Such duties include, but are not limited to, the duty to administer the trust in good faith, A.R.S. § 14-10801, the duty of loyalty, A.R.S. §...
by Christian Niklas, Esq. | Nov 2, 2021 | Articles
In Texas, can contingently remainder beneficiaries have standing to assert claims regarding trust administration? We will look at 2 cases with different outcomes to analyze that question. In the first case, John Little, Jr. (Father) created a will and a revocable...
by Christian Niklas, Esq. | Nov 2, 2021 | Articles
You have been named as a trustee or a successor trustee of a Florida trust. That means the settlor has shown supreme confidence in you to administer the trust assets to care for the trust beneficiaries according to the terms outlined in the trust. While your...
