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Legal Terms -Breach of Trust
Any wrongful act or failure to act by a trustee or another individual in a position of trust that goes against the obligations placed upon them by the specified terms
By virtue of the trust, as prescribed by legislation or under customary legal principles. A breach does not necessarily have to be intentional or deceitful. The trustee bears personal responsibility to the beneficiaries in all circumstances and can be held accountable for any damages incurred by the trust.
Any wrongful act or failure to act by a trustee or another individual in a position of trust that goes against the obligations placed upon them by the specified terms
By virtue of the trust, as prescribed by legislation or under customary legal principles. A breach does not necessarily have to be intentional or deceitful. The trustee bears personal responsibility to the beneficiaries in all circumstances and can be held accountable for any damages incurred by the trust.
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