Reply to Surprise Trust Document in the Mail

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[quote=Anonymous]In my experience administering my aunt’s trust as successor trustee, the initial letter notifying the beneficiaries that they were named in the trust did not have any financial information whatsoever. It’s simply said they were named us beneficiaries to a trust. Since I am close with all 18 of my cousins I told them I was closing it out and the proceeds would be split evenly and everyone should expect something in the neighborhood of $15-$20,000. Any of them could have asked me for a financial statement of the trust or the trust documents, but they did not. Everything was completely on the up and up and I only used a lawyer for the state tax filing which got complicated in Pennsylvania.

The reason I mentioned that is there is no reason for OP to know how much money this trust has or how much of it could potentially become hers. Now that the trust is irrevocable, simply reading the trust documents will tell her what she needs to know about how assets will be distributed but even that will not tell her the amount. She can request a trust financial accounting along with the trust documents if she chooses. In any case, clearly the next step is to write the bank and ask for the trust documents. [/quote]

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