Saturday, April 25, 2015

Does a trustee of a trust need to give a Beneficiary a copy of the trust bank Statements if they ask for them.

Question

Does a trustee of a trust need to give a

Beneficiary a copy of the trust bank

Statements if they ask for them.



Answer

The trustee is obligated to provide the beneficiary with a full accounting of the trust, so any trustee who would like to make things easier for himself or herself will promptly provide beneficiaries with any of the information that would be part of the accounting, including account statements.



Answer

Yes.



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