Description

Should we trust the trustee? Do trustees really steal from the trust? Maybe not, and yes, they do. On today's episode of I Know a Lawyer, I speak with Scott Rahn of RMO LLP about bad trustees and their bad actions, including theft. Scott is a top-notch trust & estate litigator who has seen the full range of bad trustee actions. In the episode, we discuss:

• Trustee's failure to provide information. (01:21)
• How a lawyer can help break the ice between trustees and beneficiaries. (03:27)
• Can a Court compel an accounting even if waived in the trust? (06:43)
• Two most common examples of bad trustee actions. (08:55)
• Trustee's fiduciary duty and acting on behalf of the beneficiaries. (11:40)
• Example of a truly bad trustee. (14:20)

Thank you Scott Rahn for joining me on the show. I thoroughly enjoyed the conversation. If you have questions for Scott or his team at rmolawyers.com, reach out to them or give them a call at 424-320-9444. 

This podcast is brought to you by McKenna Brink Signorotti LLP and nothing in this episode or any episode of I Know a Lawyer is meant to be taken as legal advice. If you need legal advice, call an attorney, don't rely on podcasts.