Trustee Decision Making Concerns

Summary

Trustees in Michigan have fiduciary duties to act in the best interest of beneficiaries. If the trust document is silent on decision-making, decisions should generally be made collectively among trustees. Unilateral actions by a trustee, especially if they contradict the trusts best interests or involve conflicts of interest, may be challenged legally. Legal intervention, such as mediation or court action, may be necessary if a trustees actions are detrimental to the trust. Consulting a lawyer specializing in trust and estate law is advisable to explore potential breaches and remedies.

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In your situation, there are a few steps you might consider:
*. Consult a Lawyer: It's advisable to get legal advice regarding the trust's specifics and any local laws in Michigan that may apply.
*. Request Mediation: Mediation can be a less adversarial way to resolve disputes among trustees.
*. Court Intervention: If the trustee's actions are detrimental, you might petition the court for guidance or removal.
Would you like help finding a local lawyer who specializes in trust and estate law?
we believe the reason she is consulting the trust lawyer is because she is trying to gain full control over the trust or sue the current trustees for failure of fiduciary duties.
Given the situation, it's crucial to address the potential breach of fiduciary duty. Here are some general insights:
- Trustees must act in the best interest of the beneficiaries.
- If the trust document is silent on decision-making, decisions should be made collectively.
- Legal intervention may be necessary if actions are detrimental to the trust.
Would you like help finding a local lawyer who specializes in trust and estate law?
can you tell me if her actions are legal or illegal under michigan law when the majority of trustees and beneficiaries agree on all the decisions that have been made in good faith to sell the properties for as much as possible.
Case Rating: *
Under Michigan law, trustees have fiduciary duties to act in the best interest of beneficiaries. If the trust document is silent on decision-making, actions should generally be collective among trustees. The unilateral actions of the trustee might be challenged if they contradict the trust's best interests. Legal intervention may be necessary. Would you like more information on how to proceed legally?
the single trustee accused everyone of trying to "give the properties away" and then offered to purchase one for *% less than it was listed for. Is this a violation of law? if so, what law?
Case Rating: *
While the trustee's actions might raise concerns, determining if they violate the law would require a thorough evaluation of her fiduciary duties under Michigan law:
- Fiduciary Duty: Trustees must act in the best interest of beneficiaries.
- Conflict of Interest: Offering a purchase at *% less could indicate a conflict of interest.
- Collective Decision Making: Without explicit decision-making guidance, actions should be collective.
Legal advice may be needed to explore potential breaches and remedies.