Must I “indemnify…and hold the Trustee harmless from loss or liability…” to receive my distribution from a Trust as a beneficiary?
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Must I “indemnify…and hold the Trustee harmless from loss or liability…” to receive my distribution from a Trust as a beneficiary?
It does not seem that I should have to enter into such an agreement, as beneficiary, and that the Trust administrator already has some legal obligation pursuant to whatever document/arrangement was made with the deceased.
Asked on August 8, 2013 under Estate Planning, Wisconsin
Answers:
Tricia Dwyer / Tricia Dwyer Esq & Associates PLLC
Answered 11 years ago | Contributor
Hello. Do contact a private attorney in the state involved (I am licensed in Minnesota) for legal counsel and legal advice. Some attorneys are available seven days for emergency legal needs. Many attorneys will confer initially at no charge. Then, if legal work is performed, some attorneys will provide a reduced fee for financial hardship. Some attorneys may also assist you in limited scope manner to conserve legal costs. All the best.
Tricia Dwyer, Esq.
Phone: 612-296-9666
MINNESOTA LAW
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