When entrusting your hard-earned money with someone acting on your behalf, they may act in a way that breaks the arrangement that was promised. If someone acting on your behalf fails to uphold their financial responsibility, Porter Law Firm is here to assist. A breach of fiduciary duty in Houston can cause significant financial and emotional harm. Whether your case involves a Houston business litigation lawyer addressing a breach of fiduciary duty in managing trusts, estates, or financial affairs, we are committed to protecting your rights and holding fiduciaries accountable.
Contact us today at (713) 621-0700 and learn how our breach of fiduciary duty lawyers in Houston can start your path to regaining your money.
Porter Law Firm is the Law Firm to Choose in a Houston Breach of Fiduciary Duty Claim
When choosing a firm to be your representation in a Houston breach of fiduciary claim, Porter Law Firm is the trusted firm to go to. Here are the reasons why our clients continue to come to our Houston breach of fiduciary lawyers to be their advocates:
- Understanding the Nuance of Texas Legal Framework: We understand the nuances of the Texas laws for fiduciary duty and will make sure that they work in your favor.
- Comprehensive Services: Brad Porter leads our team of aggressive negotiators who will fight for your finances. If your case goes to court, we are ready to litigate to the fullest extent.
- Personalized Approach to Your Claim: Unlike large firms that might mix up the details of your claim, we take the time to understand the nuances of your claim and personalize the legal strategy to meet your goals.
- Effective Communication Skills: As your case progresses, we will walk you through every twist and turn. Call us anytime, and our team will answer any pressing questions or concerns you have.
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Types of Fiduciaries in a Houston Breach of Fiduciary Claim
Fiduciary duty is a legal term that refers to the legal obligation that a “fiduciary” has towards another. A fiduciary, simply defined, is a person who is entrusted to act on behalf of another, typically managing assets or finances. A fiduciary relationship can come up in all types of contexts:
- Trust and Estates: Trustees managing the trust owe fiduciary duties to the beneficiaries of the trust. Executors and administrators must act in the best interests of the heirs of a will. If a dispute arises over a trust or estate, a Houston probate litigation attorney can assist in protecting your interests.
- Business Relationships: Partners owe fiduciary duties in partnerships. Corporate directors and officers of public companies owe duties to shareholders.
- Financial Advisors: Financial advisors and investment managers owe duties to their clients.
- Guardians: Guardians in guardianship must act in the best interest of minors or incapacitated individuals.
- Attorneys: Attorneys owe a fiduciary duty to their clients in an attorney-client relationship.
Responsibilities of Fiduciaries in Houston Breach of Fiduciary Claims
Fiduciaries owe specific duties depending on the relationship. When those duties are breached, particularly in sensitive matters like estate administration, it can lead to serious probate disputes that require legal action. In business relationships, officers and directors owe duties to shareholders:
- Duty of Loyalty: Directors and officers cannot use their position to benefit themselves if it hurts the company. They should avoid any conflict of interest that may arise in the business.
- Duty of Care: Directors and officers are required to make informed decisions and do their diligence in reviewing any relevant and pertinent information, reaching out to experts when necessary.
- Duty of Disclosure: Any material information that should be disclosed in reports must be given to shareholders in a complete, accurate, and timely manner.
Breaching these duties can make directors or officers liable for any financial losses incurred by the shareholders. Breaches can occur when directors or officers use corporate assets for their own benefit, enter into transactions that are self-dealing, make decisions that are reckless and uninformed, and fail to disclose any conflicts of interest.
For more information about fiduciary responsibilities and best practices, visit the National Association of Estate Planners & Councils (NAEPC), which provides additional insights on estate planning, trusts, and fiduciary duties. Additionally, corporate governance and shareholder rights guidelines can be found at The Securities and Exchange Commission (SEC).
Contact Our Houston Breach of Fiduciary Lawyers
If you have suffered losses due to a Houston breach of fiduciary, Porter Law Firm is here to fight for you. We understand the significant financial and emotional damage that occurs when an entrusted confidant abuses the relationship. Whether you’re involved in a contested will, mismanaged estate, or need help with estate administration, our team handles probate administration and related fiduciary issues with care and precision. We understand the nuances of Houston’s laws in the different sectors governing fiduciary duties. Our Houston breach of fiduciary attorneys will use the evidence to effectively argue your case to negotiate a payout, or if required, litigate your claim in court. Contact Porter Law Firm today at (713) 621-0700 or fill out the form to schedule your consultation and learn how we can help you today.