How do you hold a trustee accountable?

How do you hold a trustee accountable?

The Options for you to Hold the Trustee Accountable

  1. Contact the Trustee.
  2. Write a Letter.
  3. Hire an inexpensive lawyer.
  4. Hire an expensive lawyer.
  5. Hire an attorney who can take court action.

What power do trustees have?

Unless the trust deed provides to the contrary, trustees have inherent power to carry out acts which are reasonable for realising or protecting the trust property. They may, therefore, make payments which are proper for them to make in order to carry out the terms of the trust.

When does a bankruptcy trustee demand a refund?

The trustee can demand a portion of the refund only if there IS a refund. Decrease your withholding as soon as you decide to file bankruptcy such that your reduced withholding for the last part of the year brings you close to the amount you expect to owe.

Can a trust receive a tax refund electronically?

>>If the trust has a bank account, can I just send the refund electronically into the account?<< I think that would be very improper. In my opinion, the trust can NOT receive the refund. It must be received only by the personal representative and distributed according to the will or state law.

Can a trustee seek an accounting from a co-trustee?

A trustee also has the right to seek an accounting from a co-trustee. It has also been held that the settlor’s estate has standing to seek an accounting from the trustee of the settlor’s trust, even if the estate is not an income or residuary beneficiary, if the trust document provided for the payment of settlor’s debts, estate claims and expenses.

How to make check to trust or trustee?

Decedent Refund – Make check to trust or to trustee? – General Chat – ATX Community Decedent Refund – Make check to trust or to trustee? Decedent Refund – Make check to trust or to trustee? No registered users viewing this page.

Previous Post Next Post