A trustee may withhold distributions in Arizona if the terms of the trust or state law provide that right. If you’ve got a trust with defined guidelines as to when and how money gets distributed, trustees need to adhere to them. Certain trusts allow the trustee to withhold distributions if a beneficiary is not [...]
What are your trust dispute options in Arizona? You can litigate the trust dispute, pursue mediation or other alternative dispute resolution, or collaborate with all parties to reach an out-of-court resolution. You could try mediation for a quicker and less expensive solution. A court hearing is necessary when the sides cannot agree. You can [...]
Key TakeawaysTrustees in Arizona are bound by some of the strictest fiduciary duties in the country — duties of undivided loyalty, prudent administration, absolute impartiality, cost control, and robust transparency, among others.Taking advantage of the prudent investor rule and reviewing trust assets on a regular basis are crucial for trustees to glean performance and minimize [...]