Tillem McNichol & Brown

Small firm attention. Big firm results. Call us today! (800) 996-4505

Columns

Trusts, Beneficiaries and Disinheritance

Dear Len & Rosie,

I have a sister who is a drug addict and is usually out of contact with us. My other sister and my stepbrother and I are the beneficiaries of my step-father's living trust. Is there anything I can do ahead of time to ensure that we don't have to find her when my step-father dies?

David

Trust Administration

Dear Len & Rosie,

Both of my parents are now deceased, the most recent being my step-dad. Are the four of us adult children legally due to receive a financial statement of how funds were spent during my dads illness? Are we entitled to a copy of the trust at no charge, along with the financial statement? The lawyer hired by the trustee is charging $1.000 for a copy of the trust, if we want it, and it has been stated that no one will receive a financial statement until after all funds are dispersed at the end of a waiting period. We were told the waiting period was 120 days but are now hearing it could be six months.

Bill