David Fowler Johnson: Court Reverses Receivership in Trust Dispute Where it Failed to Require Bond Applicant to Post a Bond (October 25, 2021)

David Fowler Johnson, of Winstead P.C., has made available for download his article, “Court Reverses Receivership in Trust Dispute Where it Failed to Require Bond Applicant to Post a Bond”, published in JDSUPRA. The abstract is as follows:

In Peek v. Mayfield, a beneficiary sued a trustee for breach of fiduciary duty. No. 02-20-00107-CV, 2021 Tex. App. LEXIS 6080 (Tex. App.—Fort Worth July 29, 2021, no pet.). After a bench trial, the district court found that the trustee breached his fiduciary duties, removed him, and entered an order appointing a receiver and awarding other relief. The district’s court’s order did not require the receiver applicant to file a bond payable to the heir, nor did it indicate an appropriate amount for such a bond. The trustee appealed, and the court of appeals reversed:

Click here to view David Fowler Johnson’s summary of “Court Reverses Receivership in Trust Dispute Where it Failed to Require Bond Applicant to Post a Bond”

Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.