Tort/Negligence – Breach of Fiduciary Duty – Civil Practice – Statute of Limitations – Trusts & Estates – Attempted Resignation
Wortman v. Hutaff Since there were no qualified trust beneficiaries at the time the defendants submitted their resignations as trustees and as executors of the settlor’s estate, defendants were required to obtain court approval before resigning. Plaintiffs allege that defendants were negligent and breached their fiduciary duty to plaintiffs when, after they ineffectively resigned, defendants failed to protect estate-owned property that might have eventually been transferred to the pour-over trust once the estate was settled. Because these acts and omissions occurred less than three years before plaintiffs filed their complaint, plaintiffs’ claims are not time-barred.
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Published: February 7, 2012
Time posted: 9:41 am
Tags: Attempted Resignation, Breach of Fiduciary Duty, Civil Practice, Statute of Limitations, Tort/Negligence, trusts & estates







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