A beneficiary has the right to be informed of the existence of a trust, obtain a copy of the document detailing the trust, obtain information about his financial interest in the trust, and enforce the terms of the trust, according to the law office of Richard Nevins. A beneficiary has the right to demand an accounting of the actions of the trustee or hire an attorney to investigate a violation of the terms of the trust.Continue Reading
A beneficiary has the right to be considered a recipient in the distribution of the assets of the trust, states the law offices of Connie Yi. A beneficiary has a right to fair and impartial treatment by the trustee and can seek legal action if the trustee violates this right or the terms of the trust. A beneficiary can appeal to a court to have an existing trustee removed and another one appointed, and he also has the right to seek and acquire information on the income, expenses and financial health of the trust.
Most of the rights the beneficiary is entitled to depend on the terms stipulated by the trust, explains the law offices of Connie Yi. A beneficiary can make out-of-court agreements with the trustee to obtain his rightful benefits or file a trust litigation to enforce his rights.Learn more about Insurance