Breach Of Fiduciary Duty In New York Estate Administration
New York law holds trustees and estate administrators to a high standard of care under estate and trust rules. Unfortunately, breaches of fiduciary duty can occur, leading to financial losses and legal disputes. Handling these situations requires guidance from a seasoned lawyer to protect your rights.
For over 40 years, McGarry & Simon has served clients across New York City and beyond. Attorney William A. Simon brings a deep understanding of estate matters to every case. His firm stands ready to assist beneficiaries facing these challenges nationwide by working tirelessly to safeguard what is rightfully yours.
What Is A Breach Of Fiduciary Duty?
A breach of fiduciary duty happens when a trustee or executor does not fulfill their legal responsibilities. This can harm beneficiaries who depend on fair treatment. The Surrogate’s Court oversees these matters to help ensure justice in New York.
Common Examples Of Breaches
Several situations can signal a breach of fiduciary duty. These issues often leave beneficiaries feeling uncertain or cheated. Some examples include:
- A trustee uses estate funds for personal gain.
- An executor delays distributing assets without good reason.
- A fiduciary hides information from beneficiaries.
- Someone mismanages estate property, causing financial loss.
These problems can disrupt an estate plan you had at hand. Even if these matters seem simple, they rarely are. New York law demands a careful legal approach. Trying to fix them alone could lead to mistakes. That is why having an estate administration lawyer with over four decades of experience makes a difference. Attorney Simon offers the legal guidance you need.
How McGarry & Simon Advocates For Beneficiaries
When fiduciary responsibilities are compromised, William A. Simon steps in with a comprehensive approach. He understands that each estate is unique, requiring personalized legal strategies. His firm does not just identify breaches but also crafts precise legal solutions that aim to rectify mismanagement and secure rightful inheritances.
With a track record of successfully contesting questionable trust administrations, Mr. Simon brings legal acumen and compassionate representation. He recognizes the emotional complexity of estate disputes and approaches each case with the sensitivity and strategic thinking it deserves.
Schedule A Free Initial Consultation To Protect Your Rights
Mr. Simon’s approach is direct, transparent and focused on achieving the most favorable outcomes for his clients. Call McGarry & Simon via 212-235-1898 or reach out online to schedule a free initial consultation.