Utah Trust Form
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People also ask
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How to find a trust fund in your name?
How do I legally find out if I have a trust fund in my name? You can start by searching probate court records, contacting an estate attorney, or using online databases. Moreover, investigating any potential leads from family records or discussions might uncover the existence of a trust.
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How long does a trustee have to distribute assets in Utah?
A trustee is responsible for distributing assets within a reasonable amount of time. However, there are many factors that can play into how long it will take. Generally, the full distribution for a revocable living trust is about 12-18 months.
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How to locate a trust in Utah?
Utah does not have a way to record trusts. You'd have to get it from the trustee. However, you are correct that the trustee has to give you a copy of the trust (assuming you are a beneficiary). See Utah Code 75-5-811.
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What are the rules for trusts in Utah?
(1) A trust is created only if: (a) the settlor has capacity to create a trust, which standard of capacity shall be the same as for a person to create a will; (b) the settlor indicates an intention to create the trust or a statute, judgment, or decree authorizes the creation of a trust; (c) the trust has a definite ...
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How much can a trustee charge in Utah?
A very rough rule of thumb is that a non-professional trustee may receive as compensation an amount equal to between 0.40% and 1.0% of the value of the trust annually, depending on the size of the trust and the complexity of administration. Alternatively, the trustee may charge an hourly fee, typically $100-200.
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Does a beneficiary have a right to see the trust in Utah?
Under Utah Code 75-7-811, a beneficiary may not be entitled to see the entire trust document. When a beneficiary is denied access to trust documents, it may lead to suspicion that a trustee may be mismanaging or misappropriating trust property.
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How to find a trust in Utah?
Utah does not have a way to record trusts. You'd have to get it from the trustee. However, you are correct that the trustee has to give you a copy of the trust (assuming you are a beneficiary). See Utah Code 75-5-811.
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Does a beneficiary have a right to see the trust in Utah?
Under Utah Code 75-7-811, a beneficiary may not be entitled to see the entire trust document. When a beneficiary is denied access to trust documents, it may lead to suspicion that a trustee may be mismanaging or misappropriating trust property.
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