If I am a beneficiary to an irrevocable Trust with the grantor still alive, do I have any rights as far as getting certain documents?

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If I am a beneficiary to an irrevocable Trust with the grantor still alive, do I have any rights as far as getting certain documents?

I want statements and full copies of trust any transactions (house was sold and grantor put in a home). The trustees are not really communicating and approachable. Shouldn’t I be made aware of any transactions as far as accounts and money being invested from the home with account numbers and annual statement?

Asked on April 4, 2013 under Estate Planning, New York

Answers:

Victor Waid / Law Office of Victor Waid

Answered 8 years ago | Contributor

The trust is not your property, even though the same may be irrevicable as you say; the trust is the grantor's property. Are you sure the trust  irrevocable and not revocable? If the trust is irrevocable you should obtain the assistance of probate litigation/estate planning counsel to assist you in obtaining the documents you are requesting. I am assuming you have been notified you are beneficiary of an irrevocable trust, in which you should be entitled to an accounting of the expenses, income, and assets as they apply to your share of the trust.


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