Our Houston Litigation Attorneys Help Clients Identify and Resolve Breach of Fiduciary Duty Claims

A fiduciary duty forms when one person (the principal) trusts sensitive matters to another person or organization (the fiduciary). Someone serving in a fiduciary capacity is expected to act in the principal’s best interests at all times.

But sometimes fiduciaries fail, intentionally or through negligence.

Breach of Fiduciary Duty Comes in Many Forms

A fiduciary duty could be created in the following situations:

  • An employee often owes a duty of loyalty to an employer.
  • Stockbrokers and financial managers are expected to transact business that helps their clients and not themselves.
  • Trustees owe a fiduciary duty to the principal and beneficiaries of a trust.
  • Guardians and conservators should put the needs of their wards first in all things.
  • Personal representatives of an estate act as fiduciaries during probate.

Breaches of fiduciary duty, even something that appears to be a simple mistake or tiny breach, could cause serious financial damage.

We Understand the Damage a Breach of Fiduciary Duty Causes

A breach of  fiduciary duty can occur when the fiduciary:

  • Does something that harms the beneficiary, or
  • Does something that benefits the fiduciary instead of the principal.

For example, a trustee manages trust assets that include a profitable ranch. But the trustee deliberately mismanages the ranch so that it loses value. He and a friend then buy the ranch for a reduced price. In this example, the trustee put his own interests first. The beneficiaries will lose future income because the trustee breached a fiduciary duty.

And We Know How to Prove Your Claim

Our litigation attorneys meet with clients who have been harmed by a breach of fiduciary duty. We assess the unique circumstances surrounding a client’s claims, then provide practical solutions.

Sometimes negotiating a settlement does not work. If so, litigation might be the answer we suggest. Our attorneys have experience successfully handling breach of fiduciary duty litigation claims.

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