QUESTION
My sister is managing a family trust set up by our parents for us. She will not disclose anything. Do we have a right to know about her activities?
Asked on Nov 10th, 2017 on Trusts and Estates - California
More details to this question:
My 96 yr old Dad has dementia and Mom has passed. My sister is managing it. She recently disclosed , her husbund has invested the $$. But she won’t disclose anything to us about that or assets. I think he is collecting a fee. What right do we ( the benefuciarues) have to know?
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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The trustee has a fiduciary duty to inform the beneficiaries of the activities of the trust and to give an accounting of the assets of the trust. Call or email an attorney to write a demand letter to to the trustee. If she doesn't comply, then you would be filing a petition with the probate court to compel the trustee to give information and account or to remove the trustee.
Answered on Nov 23rd, 2017 at 8:38 PM