Breach of Fiduciary Duty Attorney in the Toledo Area
A fiduciary duty is created when someone has knowingly accepted the responsibility to look after the best interests of another party. Trustees, executors, legal guardians, conservators and lawyers are but a few of the categories of people that enter into fiduciary relationships. This responsibility usually entails a great deal of faith and trust being placed in the fiduciary by the beneficiary of the relationship. Control over an asset or funds is granted to the fiduciary. The fiduciary must place the interests of the owner/beneficiary before his or her own. Has a loved one fallen victim to a breach of fiduciary duty?
Power of Attorney Abuse or Misuse
As parents age they may seek the assistance of one of their children to help them in managing their financial obligations, investments and property. A typical way to grant the required level of access for someone else to be able to be active in managing their finances is to grant a power of attorney. Once a power of attorney is granted, the person who granted it may simply assume that his or her finances and other issues are being taken care of. The person may be incapable of interacting in a meaningful way regarding those issues or they may be shunted away from their own affairs when a breach of fiduciary duty is occurring.
Power of attorney abuse can have a serious impact on family relations when the abuser is a family member. Even if the original intentions of the fiduciary were honorable, it can be difficult to maintain the interests of another over a period of years. Our experience in probate litigation can help create positive solutions that treat your elderly parent or loved one with the respect and dignity they deserve.
Contact The Zigray Law Office, LLC
At our Ohio law firm, we offer free in-home initial consultations throughout the state of Ohio and contingency fees for the ease of our clients who have breach of fiduciary duty questions. Call 419-897-7999 or contact us online.