Estate Planner Did Not Breach Duty By Failing to Disclose Basis of Fees
Court affirms plan that reduced bequests to daughters of couple who established charitable remainder trusts
A charitable estate planning firm did not breach a fiduciary duty to a married couple by failing to disclose the full basis of their fee arrangement with charitable beneficiaries of the plan, a California Court of Appeal has affirmed. Two daughters who sought to overturn the estate plan that reduced bequests to them have been rebuffed in a family fight over the estate.
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