May 7th, 2012
It’s not easy being a trustee, so if you’re a state that wants to create a positive atmosphere for fiduciary business, you’ll have a trust code that encourages financial institutions and individuals to accept that fiduciary role.
So states do this well; others, well, not so much. One aspect that is almost uniform, however, is the difficulty with which it is to put trustees personally on the hook for a successful litigant’s attorney’s fees. That’s why, when it happens in a case like Jacobson v. Sklaire, we take notice. (more…)