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Posts tagged "Breach Of Fiduciary Duty"

Determining a breach of fiduciary duty

The executor of an estate has many responsibilities with regard to managing the assets of a decedent. Ohio residents should be careful when they are choosing who to place in this position. In a case that was brought before the Supreme Court, the plaintiff alleged that the defendants, the co-executors of an estate, failed in their fiduciary duty when they overvalued an asset by $3 million. The plaintiff, who was the sole beneficiary of the estate, argued the miscalculated evaluation resulted in excessive federal estate taxes.

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