Wednesday, August 10, 2005 8:00:00 AM
A case in which the Grantor to an ILIT sued the trustee for breach of fiduciary duty, and while the Court dismissed the case because the trustee does not have a fiduciary duty to the Grantor (i.e., the trustee’s duty is to the Beneficiaries), the court did NOT dismiss for lack of cause.
Click here for access to the case report.