Texas Trust Code Beneficiary Rights
Description
How to fill out Texas Notice To Beneficiaries Of Being Named In Will?
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FAQ
To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.
Know your rights as a Beneficiary As an interested person, you are entitled to full disclosure of the trustee's handling of the estate. You have the right to seek accountings, file suit, complain and inquire about distributions. Texas Prop. Code Ann.
Right to an Accounting The proper Trust accounting format will allow each beneficiary to see the total starting assets, all income and gains received by the Trust, all expenses paid, all distributions made to Trust beneficiaries, and a listing of the ending assets on hand.
A trustee may be responsible for administering, managing, and distributing trust assets. A trustee has a fiduciary responsibility to conduct their duties in a way that adheres to the rules of the trust and benefits the beneficiaries of the trust. A trustee must typically be at least 18 years of age and of sound mind.
To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.