A trustee manages the assets in a trust estate for the benefit of the current beneficiary or beneficiaries, while preserving those assets for the benefit of the remainder beneficiary or beneficiaries, all according to the provisions of the trust document.
A trustee is in a fiduciary relationship with the beneficiaries and, in general while acting in accordance with the trust document, a trustee is to use reasonable judgment to act in the best interests of the beneficiaries.
Disputes can arise between the beneficiary or beneficiaries and the trustee or between and among beneficiaries themselves.
These disputes often involve strong emotions and can lead to long term animosity and multiple disputes.
The mediation process, being less adversarial than litigation, can ease the emotional stress and result in better mutual understanding of the duties of the trustee and the rights of the beneficiaries, which can lead to peaceful resolution privately, efficiently and inexpensively.
John Licht has been dealing with Denver and Colorado trusts for more than twenty years. He knows the law and he understands that conflicts arise when desires of beneficiaries differ from trustees’ perceptions of their fiduciary duties, and Mr. Licht understands the conflicting interests of current and remainder beneficiaries. He can help.