As a trust beneficiary, you have rights, which may depend largely on the language of the trust document. The complexity and length of the document are, in many case, intimidating for the trust beneficiary. If you suspect that your rights as a beneficiary have been violated or ignored, then you may need a legal professional to read and interpret the document to determine exactly what your rights are and how they have been violated.
As we make our way through the first part of the holiday season, many of us are reminded that as much as we love our families, they can be complicated. Even in the most harmonious of clans, disagreements can arise or a crisis can strike, causing the dynamics to alter. These issues may impact an estate plan, particularly when the conditions call into question the gifts that have been previously designated to a family member who may no longer be a responsible or grateful recipient.
If you are the beneficiary to a loved one's trust, there is no doubt that you want the trust to be handled appropriately. While most people choose a trustee to that they believe they can trust, sometimes the has ill intentions or simply does not understand how to be a good trustee. If you notice that a trustee is not following the terms of the trust, it is important to know that you can take action to make sure he or she starts adhering to the terms, or that a new trustee is appointed.