What legal rights do I have to a Trust Account as a listed beneficiary?
peersignal asked:
I am a listed beneficiary to a Trust Account. The Trust Administrator keeps making promises that disbursements will be made, but nothing has been paid. The Administrator is difficult to contact, constantly ignoring phone calls and emails. This has been going on for 2 years and the account’s Administrator has changed hands 3 times. What legal rights do I have? The value of the trust has diminished substantially since 2 years ago and I am getting the feeling they are dragging their feet on purpose. Any advice would be appreciated. I am a beneficiary in one state, where the Trust is administered in another state.
I am a listed beneficiary to a Trust Account. The Trust Administrator keeps making promises that disbursements will be made, but nothing has been paid. The Administrator is difficult to contact, constantly ignoring phone calls and emails. This has been going on for 2 years and the account’s Administrator has changed hands 3 times. What legal rights do I have? The value of the trust has diminished substantially since 2 years ago and I am getting the feeling they are dragging their feet on purpose. Any advice would be appreciated. I am a beneficiary in one state, where the Trust is administered in another state.
Get a probate attorney in the location where the original estate was established, and have him file a petition with the court to get them into court and explain their actions, and possibly be replaced as administrators.
I agree with the advice above.
You need to contact an attorney in the state where the trust was established and is administered, and as a beneficiary of the trust, you have a right to sue the trust if the trust is not fulfilling its legal obligations to you.
Make sure you provide the attorney with the complete history, including a copy of the trust documents, so that he/she can know the terms of the trust. This may cost you some money, but if the administrators of the trust have acted improperly, they may be the subjects of a lawsuit for their malfeasance.
For a referral to an attorney in that state, contact the local or state bar association.