In what circumstances will a non-signatory beneficiary of a trust be able to claim damages for encumbered assets?
California, United States of America
The following excerpt is from U.S. Fin., L.P. v. LNR Grp., Inc., D065276 (Cal. App. 2015):
In Leach v. Home Savings & Loan Assn. (1986) 185 Cal.App.3d 1295, a nonsignatory plaintiff was the beneficiary of a trust whose assets, including a residence, had been encumbered by a signatory trustee who borrowed money from various entities
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