answersLogoWhite

0

The beneficiaries are entitled to an accounting to make sure the trustee is not wasting the trust assets.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

Can family members call to notify creditors of a death even if he has a wife?

Yes, family members can call. You must be able to verify account details though. And you will be required to send a death certificate as proof of death.


How do you prepare for jail?

Arrange for someone to handle your personal business while you are away and notify family members of the address where you can receive mail.


Should the 3 credit files be closed upon death?

you can notify them. but if there is any fraud it will not come back to the surviving family members.


How long can a trustee keep a case open?

A trustee can keep a case open anywhere from several months to several years if they discover assets. They are allowed time to collect the assets and then sell them. After that, they will notify and distribute the money to the creditors.


What are the steps to substitute a trustee?

To substitute a trustee, first, review the trust document to identify the procedure for appointing a new trustee. Next, obtain consent from the current trustee, if required, and ensure any successor trustee meets the qualifications outlined in the trust. Then, execute a formal document, such as a trustee resignation and acceptance of appointment, and notify relevant parties, including beneficiaries and financial institutions. Finally, update any necessary records to reflect the change in trusteeship.


When would a prison notify an inmate's family?

Prisons will only notify an inmate's family in the event of death or injury serious enough to incapacitate him.


How long does a trustee have to notify beneficaries?

The timing for notifying beneficiaries can vary depending on the trust document, state laws, and the type of trust. However, trustees generally have a duty to inform beneficiaries about their interest in the trust within a reasonable time after the trust becomes irrevocable or upon the death of the trust creator. It is best to consult with an attorney familiar with trust administration to ensure compliance with relevant laws and the terms of the trust.


Do people know when you log out of life 360?

Life360 does not notify other users when someone logs out of the app. However, if a user is logged out, their location will no longer be visible to other family members in the circle. It's important to communicate with family members if you plan to log out, as this can lead to misunderstandings about your whereabouts.


How do you know if a bankruptcy has been dimissed?

The bankruptcy trustee in charge of the case will notify the filer that the BK has been dismissed and the reasons for it having been done.


If you inherit money after filing bankruptcy can the attorney take it all even if you don't owe them that much ex. you inherit 25000 but owe them 5000 filed one year ago can they take all 25000?

Making no sense. Who is "them"? Attorney took the money?.. it wasn't the Court trustee? If you inherit money within 180 days after the discharge of your bankruptcy, you must notify your attorney who will notify the trustee and they may have claim to some of the inheritance. If the case was discharged a year ago, it is no longer property of the bankruptcy trustee.


When family member dies who should be notified?

When a family member dies, immediate family members such as parents, siblings, and children should be notified first. Following them, extended family members, close friends, and significant others should be informed. Depending on the circumstances, it may also be appropriate to notify the deceased's employer, close colleagues, or community members. Lastly, any relevant organizations, such as insurance companies or legal representatives, should be contacted as needed.


What can happen if you don't notify the trustee of inherited money after bankruptcy?

Nothing, or your bankruptcy discharge can be reversed, or you can be fined or sent to prison. It depends on how much you inherit and how long after the bankruptcy you inherited it.