Recent Cases of Interest to Fiduciaries - August 2020

In the Matter of the William J. Raggio Family Trust, 460 P.3d 969 (Nev. April 9, 2020). Nevada Supreme Court found that the settlor’s surviving spouse, as trustee, did not have a duty to consider her other assets, including assets in a sub-trust, prior to making distributions to herself from a second sub-trust under the specific terms of the trust and Nevada law.

Canarelli v. Eighth Judicial Dist. Court in & for Cty. of Clark, 464 P.3d 114 (Nev. May 28, 2020). Nevada Supreme Court finds there is no fiduciary exception to attorney-client privilege.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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