Can a Trustee Be Sued for Mishandling Business Assets?
Can a Trustee Be Sued for Mishandling Business Assets? Trusts are often used to protect business interests, simplify succession, and reduce estate taxes—especially in favorable jurisdictions like South Dakota. But with these benefits comes a legal burden for trustees: the obligation to properly manage and protect trust assets, including business interests such as partnerships, LLCs, or closely held corporations. When…

