Occasionally, concerns arise that a person who has been responsible for managing money or property belonging to somebody else has not been managing those assets properly. This can often remain undetected for many years, resulting in substantial sums being lost. However, it is usually difficult to prove as the person is unlikely to admit what has happened.
In certain circumstances, it is possible for the person who had been controlling the assets to be required by the Court to account for their actions.
Such accounts will only be ordered by the court in certain circumstances and it is vital that specialist advice is taken.
Court Proceedings can be not only expensive but also extremely time consuming and stressful. In many Inheritance, Will and Trust Disputes, family relations can also be strained and threat of court proceedings can only heighten such tensions. That is why at Taylor&Emmet we will discuss with you the potential for alternative methods to resolve matters including open meetings or mediations which often provide a quicker, more cost-effective method of providing clients with a satisfactory solution.