Catanese and Wells on the Most Common Trust Disputes
A trust is a type of fiduciary agreement in which one party holds legal ownership of property for the benefit of named individuals. A trust takes place when one individual, known as a trustor, grants legal control of their property and assets to another individual known as a trustee. Control over assets is granted to…
Benefits of Creating a Trust Fund for Your Loved One
One of the most common misconceptions regarding trusts is that they only apply to wealthy families; however, there are numerous benefits to creating a trust fund whether or not you are upper-class. Trusts can help individuals customize and manage their assets and ensure they are properly distributed to beneficiaries after death. For the past thirty-eight…
Common Reasons Westlake Village Estate Lawyers Are Consulted for Litigation
When a person drafts a will or trust, they do so assuming that they are creating an iron-clad legal document that can be clearly followed by loved ones after their passing. Of course, this is not always the case and estate disputes can arise when loved ones feel as though the validity of the documents…
Understanding Trust Litigation
North V Wilkinson [2018] is a high-profile trust litigation case between entrepreneur John North and investor Wilkinson. North was a successful inventor who entered into an agreement with a manufacturer for the device he had built. He later sued the manufacturer for breach of contract, obtaining 17 million in damages. Now, the investors in North’s…