Causes of Trust Litigation
When an elderly person wants to leave financial security for loved ones after his or her passing, this individual may decide to set up a trust. In the hands of a trustee, the trust funds can be managed until the beneficiaries are legally able to control them. Unfortunately, disagreements about trusts often arise, causing many Chicago residents to dispute their terms. The experienced attorneys of Peck Ritchey, LLC, know that trust litigation is something that many people face, and they may represent your interests throughout the legal process.
Common Causes of Litigation
Because trusts are agreements that may involve large sums of money, there are often disputes regarding aspects of the trust. Among the most common causes for trust litigation are:
- Questioning the legality of a trust formation
- Misappropriation of trust funds (usually by a trustee)
- Different interpretations of a trust / misinterpretations
Each of these situations has been known to cause problems for the elderly or for their loved ones after they have passed. If you find yourself in disagreement with how a trust has been handled, it may be beneficial to seek legal advice from a Chicago attorney experienced with trust litigation.
Contact an Elder Law Attorney in Chicago
The elderly should not have to worry that their funds will not be distributed the way they would like. If you or a loved one has suffered from what you think might be grounds for trust litigation, then the elder law attorneys of Peck Ritchey, LLC, may be able to help. Speak with us today by calling our Chicago offices at (855) 328-5787, and learn more about how we may represent your interests.