Case Conclusion Date: 07.03.2012
Practice Area: Trusts
Outcome: $280,000 verdict against trustee who mishandled trust funds. Tehama County
Description: Professional trustee of family trust used trust funds to invest in his own investment company. Fraudulently misrepresented assets in Trust Accounting. Trustee's actions resulted in removal by the Court for breaching the duty of loyalty; conflict of interest; disclosure; Uniform Prudent Investment Act; and self-dealing. [Probate Code Sections 15642(b)16002, 16004, 16045]. Surcharge damages included forfeiture of trustee fee. Total damages awared $280,209.