Legal Question in Wills and Trusts in New York
how long does it take for an irrevocable trust to be dispersed given the fact that the assets were stocks and bonds and what if the executor of the estate refuses to provide the trust agreement or an accounting.
Asked on 2/11/11, 5:51 am
2 Answers from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Distribution would be in accordance with the terms and conditions of the trust.
Mike.
Answered on 2/11/11, 6:07 am
Walter LeVine
Walter D. LeVine, Esq.
Distribution follows the terms of the trust and when it says it is terminated and the assets are to be distributed. An Executor has to account for his actions and can be compelled by a court to give a full and complete accounting.
Answered on 2/13/11, 5:43 pm
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