The trustee has used trust money to buy assets for their own personal benefit. What can I do?
- This is a breach of the trustee's fiduciary duty. A remedy will be available to the beneficiaries to put them back in the position they would have been in had the trustee not breached their duties.
- Such remedies may include 'tracing' the asset. This means that the beneficiaries may be able to claim against any assets purchased in breach of trust.
Read some more FAQS from our Equity & Trusts section