Monday, January 3, 2011
California law on the rights of the recipient of the trust
Trusts are legal arrangements in which a component the property in the trustee for the benefit of a third-party recipient control provides. Recipients have certain rights to the trustee and res trust (property) protection performance. InformationSeveral beneficiary rights are linked to the reception and maintaining the information. Beneficiaries have the right to disclosure of the terms of the trust completed and who creates the trust documents. Trustees must also communicate with the customer and provide an account of trust on appropriate intervals.Trustee PerformanceBeneficiaries have rights on the performance of the trustee. If the trustee fails to comply with its obligations, the beneficiary can force continue to the proper administration of the trust or the removal of the trustee and the appointment of a new. Actions that would benefit at the expense of the trust will not inaction of the trustee with care what damage confidence in circumstances personal liability of the trustee for the damages.Fair and ImpartialTrustees must deal fairly and impartial recipients and you. For multiple recipients, the trustee can promote a beneficiary on the other.
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