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The trustee from a Living Trust has been changed. The removed trustee is not distributing the assets ( is not paying the beneficiaries named in the trust) and is not handing over the assets ( money held in trust's bank accounts) to the new trustee. The old trustee is trying to buy time by requesting informations which has been handed over to him 6 month ago. What kind of steps the new trustee and the beneficiaries should take ?
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Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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Has the settlor of the trust passed away and the trust is now irrevocable? The first thing to do is to send a demand letter to the current trustee and then file a petition with the probate court if the trustee doesn't comply. Call or email an attorney for a full consultation.
Answered on Nov 06th, 2017 at 1:34 PM