Are You a Trust Beneficiary? | Know Your Rights
If you’re a trust beneficiary in California, you need to know your rights. As a trust beneficiary, you’re entitled to receive a regular distribution from funds designated to you under the rules of the trust. The trustee, the person who is in charge of administering that trust, has a legal duty toward you, the beneficiary. The trustee has the responsibility to inform you of the status of the trust and ensure that you receive your full share of distributions from a trust on time and in the right amount. Above all, a trustee is called to be fair and ethical in managing trust assets.
When a trustee isn’t fair to beneficiaries, that means beneficiaries are being abused. For protection from further abuse and in order to get rightful distribution, the abused beneficiary should contact an experienced trust and estate litigation attorney. Just remember, you have these three basic rights as a trustee:
- You have the right to be informed about the status of your trust.
- You have the right to timely trust distributions in their full designated amount.
- You have the right to fair treatment by your trustee.
If those three beneficiary rights aren’t being met under California law, then the trustee must be held accountable, and you should recover what lawfully belongs to you. Here at Hackard Law, we regularly represent abused trust beneficiaries in litigation. We’re dedicated to protecting clients and ensuring their rights are safeguarded. Call us today at 916-313-3030.