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What is the name of your state (only U.S. law)? NY
I am one of two co trustees in an irrevocable trust. We are to dissolve the trust and distribute the property (a house) among 4 beneficiaries (I am one of the beneficiaries) upon the death of our mother. It has been several years since her death. Immediately upon her death I told the other beneficiaries that I want to sell the property and have been asking them to make a decision, to no avail. The other co trustee refuses to sign a listing agreement to sell the property. None of the beneficiaries is willing to buy me out at a fair price based on a recent appraisal. Now they tell me it's not a good time to sell. I live in NJ and can't even keep an eye on the property, which is in NY. I'm concerned about waiting any longer and I need the money from my share.
What can I do to fulfill my fiduciary duty and to obtain my share as beneficiary?What is the name of your state (only U.S. law)?
I am one of two co trustees in an irrevocable trust. We are to dissolve the trust and distribute the property (a house) among 4 beneficiaries (I am one of the beneficiaries) upon the death of our mother. It has been several years since her death. Immediately upon her death I told the other beneficiaries that I want to sell the property and have been asking them to make a decision, to no avail. The other co trustee refuses to sign a listing agreement to sell the property. None of the beneficiaries is willing to buy me out at a fair price based on a recent appraisal. Now they tell me it's not a good time to sell. I live in NJ and can't even keep an eye on the property, which is in NY. I'm concerned about waiting any longer and I need the money from my share.
What can I do to fulfill my fiduciary duty and to obtain my share as beneficiary?What is the name of your state (only U.S. law)?