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Houston, Texas Fiduciary Litigation Attorneys
Professionals entrusted with managing the financial affairs of investors, employees, policyholders, or beneficiaries of a trust have a fiduciary responsibility to act in their financial interests. When allegations of financial mismanagement or malfeasance occur, litigation may be the only means of recovering damages. At the Befort Law Firm, the firm's attorneys work with forensic accountants and investigators in investigating allegations of financial mismanagement on the part of trustees and business partners.
Even in cases involving multiple accounting records, dual entries, and third party representation, it's difficult to conceal financial mismanagement. Working with the firm's investigators and accountants, the firm's lawyers expose testimony that conflicts with existing financial records, tax returns, and annual reports.
The firm has the experience and knowledge needed to litigate cases involving alleged wrongdoing on the part of insurance agents, investors, CFOs, and estate trustees. To schedule an appointment, contact fiduciary litigation attorneys at the Befort Law Firm today.
Fiduciary Responsibility - Grounds for Litigation
In general, the responsibility of a fiduciary involves the following:
- Fiduciaries are required to place the interest of a beneficiary above their own; consequently, fiduciaries cannot place their interests before that of a beneficiary.
- Should a situation arise where a fiduciary may have to act in a manner opposed to the interest of a beneficiary, he or she must inform their beneficiary. If a fiduciary would like to act in a manner opposed to their beneficiary, he or she must obtain permission to do so from the beneficiary in question.
- Fiduciaries cannot accept a role that would require them to act as a dual agent without first disclosing this information and receiving permission from their beneficiary.
- A fiduciary is expected to exercise due diligence in complying with all professional standards of conduct in exercising their duties. They are expected to provide a maximum level of protection in promoting the interests of a beneficiary.
Demanding Accountability - When Fiduciary Litigation is Necessary
While fiduciaries cannot guarantee financial security, they are not supposed to jeopardize it through negligence and general malfeasance. When fiduciaries undertake actions that deplete trust funds, squander employee retirement savings, or engage in churning to overcharge investors, they threaten the financial security of individuals and families. The Befort Law Firm works with economists who can accurately determine the losses suffered by the firm's client when financial loss results from a breach of fiduciary duty. In cases involving partnership litigation, the firm evaluates the financial harm suffered by a business, focusing on financial reporting, accounting, and book keeping discrepancies that often conceal embezzlement.
Contact Fiduciary Litigation Attorneys at the Befort Law Firm
Even if you are unable to recover all of your losses, recovering as much as you can may mean the difference between an uncertain future and some measure of financial stability. To schedule an appointment and discuss your case, contact fiduciary litigation lawyers at the Before Law Firm today.
Befort Law Firm, P.C.
2603 Augusta
Suite 810
Houston, Texas 77057
Phone: 713.785.5888 □ Fax: 713.785.5884
Direct: 713.343.8210