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WILLS AND TRUSTS Executors and trustees administer billions of dollars in wills and trusts every year. Occasionally disputes arise about whether those funds are being properly administered and whether the governing will or trust is being interpreted correctly by the fiduciary. Arbitration is an effective way to resolve these disputes privately, promptly, and economically. The American Arbitration Association has established specific rules and procedures that executors and trustees and beneficiaries of estates and trusts can use to arbitrate a dispute. EFFECTIVE JUNE 1, 2010: The AAA will retain a portion of the administrative filing fee if a party files a demand for arbitration that is incomplete or otherwise does not meet the filing requirements contained in the Rules, and if the deficiency cannot be corrected in a reasonable period of time. Please review the fee schedule in the current rules for additional details. |
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