RyanS.
New Member
- Jurisdiction
- New York
My parents have an A-B revocable living trust. There are three trustees, both of my parents (who are the grantors) and myself.
Nothing is distributed to other beneficiaries named in the trust until both of my parents are diseased.
My question is:
Do I have any legal obligation to tell any of the beneficiaries named in the trust about either the contents or the existence of the trust while either of my parents is still living?
I understand, that in some cases at least, it may be desirable to tell the beneficiaries about the trust for other reasons. But my question is whether or not I have a legal obligation to do so while either of my parents is still living.
Nothing is distributed to other beneficiaries named in the trust until both of my parents are diseased.
My question is:
Do I have any legal obligation to tell any of the beneficiaries named in the trust about either the contents or the existence of the trust while either of my parents is still living?
I understand, that in some cases at least, it may be desirable to tell the beneficiaries about the trust for other reasons. But my question is whether or not I have a legal obligation to do so while either of my parents is still living.
