Trustee Fiduciary Duty Concerns
Summary
Trustees must act in the best interests of beneficiaries, even with discretionary distribution rights. If a trustee neglects these duties, legal action may be required. Seek local legal aid or consult an attorney specializing in trusts and estates.Full Conversation
I have a TIST trust in TN for my daughter and the trustee will not pay for housing, clothing, or treatment. The trustee has discretionary distribution rights but I think they are not meeting their fiduciary duty by her being homeless. Is that right?
****, it sounds like there might be an issue with the trustee not fulfilling their fiduciary duties. In Tennessee:
- Trustees must act in the best interests of the beneficiaries.
- Discretionary distribution rights still require acting in good faith and with reasonable judgment.
You may need to consider legal action if the trustee is neglecting their duties.
Which city in Tennessee are you located in? This will help guide you to the nearest legal resources or court.
Memphis
****, it seems you may need legal assistance regarding the trustee's actions. For issues like this, you might want to contact the local court or seek legal advice. Here is the nearest court information:
Shelby County Probate Court
Phone: (*) *-*
Address: * Adams Ave, Room *, Memphis, TN *
Website: shelbycountytn.govWould you like information on finding a local attorney or legal aid services in Memphis?
Yes
You can seek assistance from local legal aid services or attorneys who specialize in trusts and estates. Here are some resources in Memphis:
~Memphis Area Legal Services
Phone: (*) *-*
Address: * N Front St, Memphis, TN *
Website: www.malsi.org
Would you like more information on how to proceed with contacting an attorney or any specific questions about your situation?