Need help with a Trust? Are you a beneficiary or a trustee? Trustees often need assistance with the administration of the Trust including responding to beneficiary requests or demands. Beneficiaries often need assistance obtaining information, obtaining their fair share of the Trust, and making sure that the Trust is administered fairly according to its terms.
If you are an Arizona trustee, you must provide beneficiaries with reasonable information including some specific information that must be provided at least once a year. We can assist trustees with an “Annual Trustee Report” to be provided to beneficiaries. We also have information on the fundamental duties of a trustee and a manual for successor trustees. We provide guidance to trustees helping them to minimize or avoid liability.
If you are a beneficiary of an Arizona trust, you are entitled to receive certain information. You are also entitled to be treated fairly by the trustee. Many self-directed trusts we have seen over the years, such as living trusts, are not managed properly by the original trustee/s. Often, trustees neglect to allocate assets upon the first death of a married couple. Compliance with the Arizona Trust Code and the Arizona Revised Principal and Income Act is often less than stellar. We help beneficiaries, plagued by an errant trustee, obtain their fair share. A trustee may be removed (fired) by the Court for a number of reasons, and we can help beneficiaries remove or replace a trustee.