Legal Question in Wills and Trusts in New York
Will
My mother passed away recently and left her money in a trust for my handicapped sister, to be managed by another sister. When my handicapped sister passes away, what is left in the trust is to be split between the sister in charge of the trust and myself. I would like to know how much money is in the trust and be updated periodically of its' worth. Am I entitled to that information?
Asked on 10/26/07, 1:53 pm
1 Answer from Attorneys
Anthony Park
Anthony S. Park, PLLC
Re: Will
It depends on the exact terms of the trust, but in all likelihood, no you are not entitled to periodic updates. However, as a matter of courtesy and to promote harmony, your trustee-sister may elect to send you annual or other periodic updates.
Answered on 10/26/07, 2:00 pm
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