fiduciary duty breach Tag

A financial durable power of attorney gives an agent authority to make financial decisions on behalf of the principal (the one giving the authority).  However, sometimes the agent exceeds the authority granted by the principal.  The repercussion may be greater than the agent may realize. Facts: Son,...

Antonia and Johanna Bennett have sued their brother, Danny, who has served as trustee of the Tony Bennett Family Trust, for mismanagement. Tony’s daughters claim Danny made “multiple gifts to himself totaling over $200,000 from the trust, $2.6 million in commissions for acting as Tony’s...