Trustee Beneficiary and Attorney Client Relationships Form

Instructions and help about Trustee Beneficiary And Attorney Client Relationships

I trust beneficiary is someone named in a trust who's entitled to benefit from its provisions beneficiaries rarely have specific duties the person or people managing the trust called trustees have the bulk of duties and responsibilities for administering the trust however a trust works best when beneficiaries and trustees work together to achieve the Trust's goals for example a trustee is responsible for the financial health of the trust and must work with the beneficiaries to keep track of expenses and receipts a trust might also provide conditional gifts that create obligations for the beneficiary a trust could require that a beneficiary finish college before receiving any payouts from the trust the trust must clearly lay out such conditions and it's the trustees job to enforce them it's a good idea for beneficiaries to understand the specifics of the trust including its purpose the powers delegated to trustees as well as any specific responsibilities that the trust places on its ben