Moneyzine
Contents
/Personal Finance/Trustee De Son Tort

Trustee De Son Tort

Moneyzine Editor
Author: 
Moneyzine Editor
1 mins
September 25th, 2023
Advertiser Disclosure

Definition

The term trustee de son tort refers to an individual that has been placed in the role of trustee by operation of the law. Trustees de son tort are not selected by the settlor, rather they are chosen due to their interference with the operation of the trust.

Explanation

Derived from the French language, de son tort translates into the English as "of his wrong." A trustee de son tort arises as a result of a tort, crime, or even a breach of duty. As is the case with a trustee ex maleficio, a trustee de son tort is created through the operation of law and is therefore associated with the broader category of constructive trusts. These are court imposed, legal remedies to correct a harm.

While a trustee ex maleficio is created to remedy the unjust enrichment of one party, a trustee de son tort is created as a result of any type of wrongdoing. For example, if a trustee does not fulfil their fiduciary responsibilities to a beneficiary, a court of law may designate a trustee de son tort and direct that party to carry out the duties of the trustee.

Related Terms

Related Content

  • What Can Help You Meet Your Budget While Shopping for Important Items?
    Budgeting while ensuring you don't compromise on quality can seem daunting. Whether filling your pantry, updating your wardrobe, or keeping up with the latest tech, smart shopping strategies are crucial for keeping your finances in check.
    April 2nd, 2024
  • How to Make a Million Dollars in 10 Years
    Truthfully, this title should actually be “How to Make a Million Dollars in 10 Years Without Going Into Debt", but that is just getting a little too winded for my liking. It’s true though!
    December 6th, 2024
  • How to Apply Maslow’s Hierarchy to Your Money This Year
    You might vaguely remember your psychology teacher talking about Maslow. He pointed at a picture of a triangle as you nodded off in the back of the school room.
    November 18th, 2024
  • How to Tackle Multiple Savings Goals
    When there’s only so much money to go around, there are often multiple savings goals competing for your money. Think of the young professional who’d like to get a more reliable car, buy a house, and save for retirement. Or consider the young family that’s saving for college, retirement, and a bigger house.
    March 22nd, 2024
  • The Countdown to Early Retirement: 10 Expenses to Eliminate
    Dreaming of waving goodbye to the daily grind five years ahead of schedule? The road to early retirement is paved with more than good intentions; it requires a meticulously crafted strategy with surprising twists. It's not solely about what you should be doing—like diligently saving a portion of your income or investing wisely—but also about what you need to stop doing.
    March 22nd, 2024

Contributors

Moneyzine Editor
The Moneyzine editorial team consists of writers and content specialists with diverse backgrounds.
Moneyzine 2024. All Rights Reserved.