2007-12-10 23:32:29 · 6 answers · asked by michinoku2001 7 in Politics & Government ➔ Law & Ethics
Every trust is a sort of contract between the trustee and the beneficiaries. The answer to your question depends on the basis for the trust. Without more info it's not possible to answer your question other than to say: "often it is," or "under some circumstances it may not be."
2007-12-10 23:40:05 · answer #1 · answered by alex42z 3 · 1⤊ 0⤋
Probably not, the attorney has a fiduciary responsibility to look out for the best interest of the members of the trust. You should hire a attorney to specializes in trust funds and petition the court to remove the first attorney as trustee.
2007-12-11 08:17:34 · answer #2 · answered by Yak Rider 7 · 0⤊ 1⤋
It depends on the relationship. If an attorney has a stake in a company that he or she is representing, then it is fine. I have stock in the company I work for. This is because I can't sabotage the company with it or I will lose money. That is why employees can't hold stock in competing companies. They could let their company tank, allowing their stock in the competing firm to be worth more.
2007-12-11 08:11:06 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Not permissible in some states by the bar.
2007-12-11 07:49:01 · answer #4 · answered by wizjp 7 · 1⤊ 1⤋
Ethical or not, it is done in reality.
2007-12-11 07:35:02 · answer #5 · answered by WC 7 · 0⤊ 1⤋
the question is moot.
2007-12-11 07:40:09 · answer #6 · answered by likeablerabbit_loose 4 · 0⤊ 2⤋