Legal Question in Wills and Trusts in Massachusetts

family revocable trust in massachusetts
Before my father died, he created family revocable Trust and appointed my sister to become the Trustee in year 1991.I am the Beneficiary of the Trust and I would like to know my rights as far as a disclosure of financial statements is concerned. Trust account has been established in mine and my sister's name. I have been requesting from her second monthly bank statements to be mailed to my address which she denied. Last year she closed the Trust account and transferred the assets into her own account. I have never used the account in any way and my sole interest is to know how much income the Trust generates[two income generating family houses]and if the money is being spent solely in the interest of the Trust or/and in the interest of my sister. The information she forwards me are lists of repaires or estimates [not copies of bills] and tax statements which do dot display concrete detailed expenditures. As a Beneficiary, am I entitled to demand monthly bank statements which I believe will resolve our dispute? Is there a code/law which would give me the entitlement?

Asked on 9/15/04, 2:37 pm

OCEAN BEACH ASSOCIATES OCEAN BEACH ASSOCIATES

0 users found helpful

0 attorneys agreed

Re: family revocable trust in massachusetts

You have a right to an accounting. Call me directly at (619) 222-3504.

Answered on 9/15/04, 5:29 pm

Keywords

Match Any Match All

Country

State

Area of Law