Legal Question in Wills and Trusts in California
If a beneficiary was told by their mother that she had life insurance and her executor and trustee of her family trust says there is no policy, how can he find out whether there is a company out there with a policy in his mother's name?
Asked on 2/01/13, 2:30 am
1 Answer from Attorneys
Kelvin Green
The Law Office of Kelvin Green
Trustees and personal representatives have a fiduciary duty to beneficiaries. They would have a duty to disclose. You have a right to an accounting, finding out if there is a life insurance policy "out there" would be nearly impossible. If the policy has trust as beneficiary then it is accounted for... If it has a different beneficiary then thepolicy goes to the beneficiary outside the trust or estate and there is no reason to hide it.
Answered on 2/01/13, 8:08 am
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