What Are Your Rights As Trust Beneficiary?


Quick Answer

The rights of a trust beneficiary include obtaining copies of accounting paperwork; receiving payments outlined in the trust; bringing action on behalf of the trust; and closing out the trust, according to Anna Assad for LegalZoom. States have different rules depending on the type of trust.

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Full Answer

In regards to a payment, a beneficiary of a trust has the right to receive all payments as outlined in the trust, says Assad. The written terms of the trust determine how much the beneficiary is to receive and how often he receives it. Beneficiaries also have the right to receive copies of accounting paperwork, including the original agreement and any changes made to the trust. A beneficiary has the right to receive the requested documentation at any time upon request to the trustee.

Beneficiaries can also bring an action to remove a trustee and replace him with another person, depending on the beneficiary's reason and specific state laws, explains Assad. This is usually done when a trustee is not performing his duties. A beneficiary also has the right to end the trust by petitioning the court, depending on state laws. Some states do not allow a beneficiary to end a trust if the trust's purpose has yet to be fulfilled.

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