What is the name of your state (only U.S. law)? Indiana
Please,
Mom died in May leaving a trust (irrevocable upon her death). All assets were financial (stocks, bonds, C.D's. insurance, etc.). Her three children were (are) equal beneficiaries. Youngest child is successor trustee (geographically closest). Only one copy of the trust existed; it is in possession of trustee or her retained atty. The trustee is uncommunicative - doesn't answer the phone or return messages; doesn't respond to e-mail.
Trustee now wants to make a gift to a person not named in the trust document. This gift amounts to 12% of the trust and is intended to be removed from the trust before any distribution to any named beneficiary. Can the trustee do this?
If I, a named beneficiary, contact the atty hired by the trustee, will I likely be provided any applicable information about the status of the trust and distributions therefrom or is the atty's sole duty to the trustee?
Am, I entitled to a copy of the trust document?
In June the trustee finished disposing of all Mom's personal property, emptied Mom's apartment and returned possession to the landlord. What is a reasonable (typical?) amount of time for the trustee to distribute the remaining assets in this type of situation?
Thank you.What is the name of your state (only U.S. law)?
Please,
Mom died in May leaving a trust (irrevocable upon her death). All assets were financial (stocks, bonds, C.D's. insurance, etc.). Her three children were (are) equal beneficiaries. Youngest child is successor trustee (geographically closest). Only one copy of the trust existed; it is in possession of trustee or her retained atty. The trustee is uncommunicative - doesn't answer the phone or return messages; doesn't respond to e-mail.
Trustee now wants to make a gift to a person not named in the trust document. This gift amounts to 12% of the trust and is intended to be removed from the trust before any distribution to any named beneficiary. Can the trustee do this?
If I, a named beneficiary, contact the atty hired by the trustee, will I likely be provided any applicable information about the status of the trust and distributions therefrom or is the atty's sole duty to the trustee?
Am, I entitled to a copy of the trust document?
In June the trustee finished disposing of all Mom's personal property, emptied Mom's apartment and returned possession to the landlord. What is a reasonable (typical?) amount of time for the trustee to distribute the remaining assets in this type of situation?
Thank you.What is the name of your state (only U.S. law)?