TRUST LITIGATION IN LEHI, UT

Comprehensive Trust Administration & Litigation Services in Utah

Trust litigation is a complex legal matter that often requires the assistance of several professionals to ensure that the estate is properly administered and that the beneficiary's rights are protected. The Gibson Law Firm can provide your family with experienced legal counsel to guide you through the trust litigation process. Our team has the knowledge and skill to ensure that your rights are protected and that your interests are served.

If you are seeking legal assistance with trust litigation in Lehi, contact our firm today at (877) 540-4416 or contact us online to schedule a free initial consultation.

Understanding Trust Litigation: Key Components Explained

Trust litigation typically occurs when a trustee is accused of mismanaging trust assets, when beneficiaries are denied access to trust funds, or when there are disputes over the terms of a trust.

The issues that arise during trust litigation can be highly complex and may involve numerous parties, including beneficiaries, trustees, accountants, and appraisers. You may also need to hire experts to assist with appraisals, financial statements, or tax issues. It is critical that you have a skilled attorney who can guide you through the legal process.

Trust litigation often involves the following:

• Assessment of the validity of the trust: The validity of the trust must be carefully assessed. If the trust is found to be invalid, the trust assets may need to be divided according to the laws of intestacy.
• Review of the trust document: The trust document must be carefully reviewed to determine whether it complies with the law. The document may also need to be revised to reflect changes in the law.
• Investigation of the trustee: The trustee must be investigated to determine whether he or she is properly managing the trust. The trustee may also be accused of self-dealing or fraud.
• Review of the trustee's actions: The trustee's actions must be carefully reviewed to determine whether they are in compliance with the terms of the trust. The trustee must provide an accounting of his or her actions.
• Examination of trust assets: The trust assets must be carefully examined to determine whether they are properly valued, whether they are in the correct form, and whether they are properly segregated.
• Review of the accountants' work: The accountants must provide a detailed accounting of their work for the trust.
• Review of the beneficiaries' rights: The beneficiaries' rights must be carefully reviewed to determine whether they have been denied access to the trust. The beneficiaries' rights may also be protected by the Utah Antitrust Act.
• Review of the trust's investments: The trustee must provide an accounting of the trust's investments. The trustee must also provide an accounting of any fees that he or she has paid for investment advice or management.
• Review of the beneficiaries' needs: The beneficiaries' needs must be carefully reviewed to determine whether they are being met. The trustee must provide an accounting of any distributions that he or she has made.
• Review of the trust's tax returns: The trust's tax returns must be carefully reviewed to determine whether they are accurate and complete.

Trust litigation can be a lengthy and complicated process that involves numerous parties and may require the assistance of several professionals. You should not attempt to navigate this process alone. The Gibson Law Firm can provide you with experienced legal counsel to ensure that your interests are protected.