Is A Trustee Responsible For Trust Losses Due To Market Dips

lawyerfightsforyou.com/is-a-t... (Orlando, Florida) (Winter Haven, Florida) Attorney L. Reed Bloodworth, the Managing Partner of Bloodworth Law, PLLC, discusses legal topics the law firm handles for clients across the state.
Reed handles trustee and personal representative defense for clients and discusses whether a trustee is responsible for trust losses due to market dips while managing a trust.
Reed said that it’s a fact-specific, case-specific analysis of a trust dispute that’s being brought up by a beneficiary.
"The issue “gets into the prudent investor rule which states that as long as a trustee has complied with the prudent investor rule - meaning they have invested the trust assets in a way that a prudent investor would - then they are not going to be held liable for market dips.
“However, the flip side of that is when a trustee did not comply with a prudent investor rule,” Reed said.
Reed represents plaintiffs and defendants in cases including:
Trust Litigation:
o Trustee Defense
o Breach of Fiduciary Duty
o Undue Influence
o Lack of Capacity
o Accounting Actions
o Tortious Interference with a Testamentary Expectancy
Estate or Probate Litigation:
o Defense of Personal Representatives
o Breach of Fiduciary Duty
o Undue Influence
o Lack of Capacity
o Accounting Actions
o Tortious Interference with a Testamentary Expectancy
Business & Commercial Litigation:
o Breach of Contract
o Business Torts
o Shareholder & Partnerships
o Breach of Fiduciary Duty
o Real Estate Litigation
o Negligent/Fraudulent Misrepresentation
Employment Law
o Non-Compete Agreements
o Discrimination
o Harassment
o Overtime
o Hourly Wages
o Business Policies
Estate Planning:
o Preparation of Wills
o Preparation of Trusts
o Preparation of Living Will
o Preparation of Living Trust
o Powers of Attorney
o Advance Health Care Directives
o Guardianship
Personal Injury Protection Litigation
o For doctors
o For dentists
o For hospitals
o For medical providers
Mediation
o For families, businesses, and individuals
Reed has practiced Florida law since 2004 and has handled hundreds of cases for clients across Florida in cities including:
• Atlantic Beach
• Belle Isle
• Cooper City
• Daytona Beach
• Fort Meyers
• Fort Lauderdale
• Isleworth
• Jacksonville
• Kissimmee
• Lakeland
• Lake Mary
• Longboat Key
• Naples
• North Palm Beach
• Orlando
• Palm Beach
• Parkland
• Sanibel
• Satellite Beach
• St. Augustine
• St. Petersburg
• Sarasota
• Tampa
• Tavares
• The Villages
• Windermere
• Winter Haven
• Winter Park
• West Palm Beach
To learn more about Bloodworth Law, visit LawyerFightsForYou.com
Call the office for an appointment with an attorney at 407-777-8541.
Bloodworth Law is located at 801 N Magnolia Ave, Suite 216, Orlando, Florida, 32803. The office in Winter Haven, Florida, 33880, holds meetings By Appointment Only.