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What can be done if a trustee borrows estate funds but returns them?

In: Debt and Bankruptcy, Estates, Probate [Edit categories]

Answer:

A trustee who uses trust or estate funds for their personal use should be replaced. That is a violation of their fiduciary duty. They may not replace the funds the next time. You should petition the court to have them removed and replaced with a more trustworthy trustee or with co-trustees who could monitor each other.

First answer by Kluss. Last edit by Kluss. Contributor trust: 698 [recommend contributor ]. Question popularity: 1 [recommend question].

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