remedies against beneficiary n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Remedies Against Beneficiary PowerPoint Presentation
Download Presentation
Remedies Against Beneficiary

Loading in 2 Seconds...

  share
play fullscreen
1 / 7
lark

Remedies Against Beneficiary - PowerPoint PPT Presentation

105 Views
Download Presentation
Remedies Against Beneficiary
An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Remedies Against Beneficiary

  2. 1. Misappropriation -- § 114.031 • Beneficiary has misappropriated or otherwise wrongfully dealt with trust property.

  3. 2. Involved with breach -- § 114.031 • Consented to breach • Participated in breach • Agreed to be liable for trustee’s breach

  4. 3. Failure to repay loan or advance § 114.031

  5. 4. Failure to repay excess distribution -- § 114.031 • E.g., mistaken payment under § 114.004.

  6. 5. Breach of contract to contribute to trust -- § 114.031 • E.g., beneficiary promises to add his/her own property to the trust and then fails to do so.

  7. Trustee’s right of offset -- § 114.031 • Trustee may offset even if trust has a spendthrift provision.