Breach of fiduciary duty trial#

Mental anguish, such as pain and suffering.Financial losses, directly or indirectly caused by the breach.What Are the Remedies for a Breach of Fiduciary Duty?ĭepending on the situation, a person who has been adversely affected by a breach of fiduciary duty may be able to come forward with a civil lawsuit in pursuit of damages.ĭamages for a breach of fiduciary duty may include: If that person begins using the family member’s money for his or her own expenses instead of on the family member’s care, that would be considered a breach of fiduciary duty.

When a fiduciary puts his or a third party’s interests before the interests of the principal, this is a breach of fiduciary duty.Īn example may be a person who was given the responsibility of managing a family member’s financial affairs as an attorney in fact under a power of attorney. What Is a Breach of Fiduciary Duty?Ī breach of fiduciary duty may include any act (or failure to act) that violates the interests of the principal and benefits the fiduciary or a third party instead. To find out more, call (602) 900-9860 for a confidential consultation. We take our fiduciary duty to our clients very seriously and utilize every tool at our disposal to seek an ideal result for every person we represent.

Our lawyers at Taylor & Lihn, PLLC in Phoenix can offer experienced representation to expose a breach and help you recoup your losses. If one of these trusted individuals has acted in violation of their fiduciary duty, you may have grounds for a case that would offer a remedy, such as compensation for financial losses, or the distribution of property to which you should have been entitled. Attorneys in fact and principals ( powers of attorney).Personal representatives and beneficiaries/heirs (estate administration and probate).Guardians/conservators and wards ( guardianships/conservatorships).In the realms of estate planning and probate, fiduciary duties exist between: This relationship exists in specific scenarios and is often legally binding and enforceable, meaning a fiduciary that violates his or her duty could be held accountable in court. The fiduciary is the person or company that bears the responsibility to act in the interests of the other party, the principal.

Breach of fiduciary duty trial#

Breach of Fiduciary Duty Claims in Phoenix Our Experienced Trial Attorneys Can HelpĪ fiduciary duty is an obligation to act in another’s interest.