In In the Interest of M.G.G., an ex-husband was made a constructive trustee of stocks that he held in his retirement account for his ex-wife. No. 05-19-00777-CV, 2020 Tex. App. LEXIS 6291 (Tex. App.—Dallas August 10, 2020, no pet. history). The divorce order stated that upon sale of the stock, the ex-husband should send the gross receipts from the sale to the ex-wife. When the ex-husband sold the stock, he paid taxes and sent the net receipts to his ex-wife. She sued the ex-husband for breach of fiduciary duty, and the trial court found for her and awarded her damages after a bench trial.
To see the full article, click: Court Reversed Breach Of Fiduciary Duty Judgment Due To A Lack Of Damages | Texas Fiduciary Litigator
Posted by David Brito, Associate Editor, Wealth Strategies Journal.