QUESTION
Can a trustee defraud other heirs by withholding information?
Asked on Dec 27th, 2016 on Wills and Probate - California
More details to this question:
A trustee who wishes to withhold information on account amounts, sale of property, etc., is refusing to disclose details and giving incorrect information on bank accounts, retirement funds, safe deposit boxes, etc. What are the rights of other beneficiaries to have access to that information?
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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A trustee owes fiduciary duties to the beneficiaries, including a duty to disclose and to account for the assets of the trust. If the trustee is incapable of performing his duties, then the beneficiaries can petition the probate court to remove the trustee.
Answered on Jan 20th, 2017 at 10:09 AM