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Loren, Attorney
Category: Estate Law
Satisfied Customers: 28521
Experience:  30 years experience in the practice of estate law.
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Is there legal ramifications if trustee deposits inheritance

Customer Question

Is there legal ramifications if trustee deposits inheritance cash into Texas own account and waits on other monies to come in from state of Florida ?
Submitted: 5 months ago.
Category: Estate Law
Expert:  Loren replied 5 months ago.
Good day. I am Loren, a licensed attorney, and I look forward to assisting you.
Yes, the commingling by a trustee of trust assets with personal assets is illegal and a breach of fiduciary duty for which the trustee can be sanctioned or removed as trustee.
Trust assets must never be commingled with the personal assets of the trustee, no matter what reason they have.
Expert:  Loren replied 5 months ago.
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