Fiduciary Litigation Attorneys in Dallas, TX
Trustees, corporate officers, wealth managers, and certain other individuals are fiduciaries. A fiduciary is under obligation not to usurp the beneficiary’s or the principal’s opportunities for personal gain or enter into transactions using the beneficiary’s property where the trustee stands to reap a personal gain.
Fiduciary Principles in Texas
In Texas, these fiduciary principles are rigid and unforgiving for trustees, corporate officers, and others who owe fiduciary duties. Numerous types of relationships can, under certain circumstances, create fiduciary obligations in Texas. Whenever a trustee derives a personal gain either in dealing with the principal’s or beneficiary’s property—or even when the beneficiary’s interest is involved—Texas law demands a close, exacting, and thorough examination of the dealings and transactions. Substance over form will prevail.
Breach of Fiduciary Duty
Fiduciary duty is not merely limited to the trustee’s actions but extends to the ends of the trustee’s thoughts and imagination. A fiduciary must exercise incorruptible business judgment for the sole benefit of the beneficiary. If, upon close examination, the trustee is found to breach their fiduciary duty by self-interest, self-dealing, malfeasance, or inattentive judgment, the burden is on the trustee, stock broker, corporate officer, or other individuals with fiduciary obligations to prove they have not breached their fiduciary duty.
Why Choose Coleman Jackson, P.C. for Your Fiduciary Duty Concerns?
The skilled attorneys at Coleman Jackson, P.C. can help you to:
- Identify whether there is a fiduciary duty owed
- Evaluate whether the fiduciary duty has been materially breached
- Explain the cost and benefits of your legal options
- Represent, protect, and defend your fiduciary interests in court or the appropriate forum
Breach of Fiduciary Duty?
Do you believe that someone owes you a fiduciary duty and has breached it? Contact the business lawyers at Coleman Jackson, P.C. today at 214-599-0431.
