Executor Beneficiary Mentioned For Trust
Description
How to fill out Release And Exoneration Of Executor On Distribution To Beneficiary Of Will And Waiver Of Citation Of Final Settlement?
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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.
It is quite common (and perfectly legal) for the person named as executor of a Will to also be a beneficiary. In fact, it's not unusual for the executor to be the main beneficiary. It's also more than acceptable to not name your executor as a beneficiary.
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.
Duty to disclose information: Beneficiaries must receive sufficient information about the trust assets. Duty to keep accounts: Trustees should generally provide beneficiaries with the trust accounts upon request and need a very good reason to refuse to disclose them.
What information should an Executor provide to a Beneficiary? Beneficiaries should be provided with general information about the estate and the assets involved and also a copy of the Will should they request one.