Legal Question in Wills and Trusts in California
If there are three people named in a trust and I am the only one who is not an executor (the other two are named as co-executors of the trust) do I have any rights to the proceeds of the business?
2 Answers from Attorneys
It depends what you mean by "named in the trust" You have to look at the terms of the trust- are you a beneficiary? of a specific pecuniary distribution? or of a share of the residue of the estate? Does the trust say anything about the business? If you don't know, you get the trust instrument it reviewed by a lawyer.
Your rights to the proceeds of the business are dependent on your status as a beneficiary, not on whether you are a co-executor or co-trustee.
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