Answers.com>Wiki Answers>Categories>Law & Legal Issues>Estates>The trustees of an Estate held in trust have been spending the trust assets on personal items and personal loans and withholding distribution to the beneficiary. What can we do?
The trustees of an Estate held in trust have been spending the trust assets on personal items and personal loans and withholding distribution to the beneficiary. What can we do?
Yes. However, the assets must be transferred to the trust and will no longer be "personal" assets. They will be under the control of the trustee of the trust. You should discuss your situation with...
Since a beneficiary has no fiduciary responsibility to the trustee it is unlikely the trustee would encounter a situation where she would need to sue a beneficiary unless perhaps the beneficiary had...
Yes. If the beneficiary has any reason the believe the trustee is mishandling the trust estate, they should commence an action immediately by requesting a full accounting. If you suspect the trustee...
A person should not be the sole trustee and the sole beneficiary. That arrangement may not constitute a valid trust and the trust property would be vulnerable to creditors and taxes. Trust law is one...