Blog Posts About Trust Assets

You’re entitled to a distribution and you should receive it within a reasonable time. Typically, trust beneficiaries expect to receive their inheritance in a year or less, depending on the complexities of the estate. What happens when your Trustee won’t follow the terms of the Trust? Why aren’t they following…

Are you having a hard time receiving your inheritance? You are a named beneficiary of a trust and you are entitled to an inheritance. You should just be handed your share of the money… right?  Yet a year has passed, maybe several… and you still have not received your inheritance….

If you are trying to overturn a Trust or Will (or an amendment to a Trust or Will), you will find that your relationship with the decedent is going to be a big issue in your case. But what does it matter if you had a good relationship with the…

Formal accountings can take up a lot of your time. When we say “formal accounting” we are referring to a Trust accounting that is prepared according to the format rules of the Probate Code (section 1060) and filed with the court to court approval. Why do formal accountings take so…

Sometimes Trustees refuse to provide beneficiaries with financial information. We can help. Before you demand a formal accounting in court, you may want to try requesting an accounting informally. You can use our ACCOUNTING DEMAND TEMPLATE and view the video instructions below. If you send an accounting demand letter and…

Yes and no. Pre-death accountings refer to an accounting for the period before your parent died. If there was a Trustee other than your parent, you may be able to obtain an accounting of their activity prior to a parent’s death. But getting a pre-death accounting is not absolute. The…

Yes, but the money must stay in the trust. This happens quite often with Bypass Trusts and Marital Trusts. A surviving spouse is named as the Trustee, but the Trusts themselves are irrevocable. They cannot be amended or changed, but they can be administered by the Trustee. Nearly every Trustee…

1. Follow Trust Terms The Trustee has a duty to follow the Trust terms. In other words, do as they’re told. May sound obvious, but it’s remarkable how often Trustees seem to get that one wrong. It is a basic Trustee duty that can be found at California Probate Code…

You have been named as a beneficiary of a Trust, but unfortunately your share of the Trust is not going to be given to you outright. Instead, it must remain locked away in an irrevocable Trust for some time. Some irrevocable Trusts last for several years, or until you reach…

Beneficiaries are supposed to receive reasonable information and timely distributions of their share of the Trust money and property. Unfortunately, many beneficiaries are kept in the dark and receive no Trust distributions. In other words, they receive no money and no information. It can be hard to know what to…