Many Different Methods For Resolving Trust Disputes
Sometimes, after a person who has set up a trust as part of their estate plan dies, disputes arise in relation to the trust. Such disputes sometimes center around the conduct of the person in charge of managing the trust, the trustee. For example, sometimes, disputes arise in which beneficiaries of the trust accuse the trustee of having not acted properly in relation to the trust.
There are many different ways in which a legal dispute between trust beneficiaries and a trustee could be resolved. Some examples include:
- Through negotiation.
- Through arbitration.
- Through mediation.
- Through litigation.
Does it really matter what specific method is ultimately used to resolve a given trust dispute between trust beneficiaries and a trustee? It does, as what method is used can ultimately be a very impactful thing. This is because the unique aspects of each particular method make it so the different methods can vary quite a bit in how efficiently and effectively they would be able to resolve a given trust dispute (given the specific circumstances of the dispute and the parties involved) and what financial and emotional effects they likely would have on the parties involved in the dispute.
Thus, when involved in a trust dispute, finding the right method for resolving the dispute can be quite important.
Our firm works hard to provide our trust dispute clients with helpful guidance when it comes to dealing with their dispute, including guidance regarding methods for resolving such disputes. We are committed to helping our clients who are involved trust disputes find the trust dispute resolution method that is the best match for their situation.