When it comes to family trusts, transparency isn’t just a courtesy—it’s a legal obligation for the person managing the trust, also known as the conservator. Unfortunately, a lack of communication can leave beneficiaries feeling confused, doubtful, and even betrayed.
Here’s an example: A woman recently shared her story about her family’s living revocable trust. After her father’s passing, her brother became the conservator of the trust. Despite multiple requests, she has been denied access to review the trust’s details. Without transparency, she’s left questioning whether the trust is being handled properly.
If you’re in a similar situation, here are some key steps:
1. Know Your Rights: Beneficiaries have a legal right to information about the trust. Conservators are obligated to communicate clearly and ethically.
2. Communicate Openly: Before taking legal steps, try speaking directly with your family. Explain your concerns calmly and emphasize the importance of clarity.
3. Work Together: If others share your concerns, unite as a family to address the issue collectively. A collaborative approach can sometimes break down barriers.
4. Seek Legal Help: If transparency is still denied, consulting an estate planning attorney is your best option. They can help you file a motion to compel, ensuring you get the answers you need.
Family conflicts over trusts can be emotionally taxing, but they don’t have to lead to permanent divides. Transparency and trust go hand in hand—and when handled with care, these conversations can bring clarity and even strengthen family bonds.
You can read more about this specific example here.
If you’re facing challenges with a family trust, let’s talk. I’m here to help you navigate these tough situations with confidence and compassion. You can reach me at (480) 719-7333.