Trust Accounting Dispute Attorney Montana
A trust accounting dispute can be solved in several ways, as you can find out from a Montana trust accounting dispute lawyer. Trusts are useful tools to consider when preparing an estate plan, as they allow the creator to control when and how their assets are distributed. Unfortunately, a dispute over a trust account can arise, such as between family members who may be beneficiaries or other outside parties who have an interest in the trust. When these situations occur, you can turn to a lawyer from Silverman Law Office, PLLC for further guidance and learn about what solutions that you can consider so that the dispute is taken care of.
How Trust Accounting Disputes Occur
A trust accounting dispute is a particular type of dispute that involves a trustee’s misconduct. They may fail to communicate to beneficiaries about asset information within a trust and the account status. The trustee must share details about the account such as assets listed, receive income, and any payments that must be made. The beneficiaries have the right to obtain such information and the trustee must share it with them.
A trustee is responsible for providing beneficiaries an annual report of the trust account. Disputes can happen when beneficiaries believe that the trustee is neglecting their responsibilities to be transparent and share the report, whether purposely or intentionally. Beneficiaries may have evidence that a trustee is not sharing the legal documents or is lying about the value of assets that are to be distributed. If they suspect that the trustee refuses to reply, they may decide to file a petition to the court so that a trust accounting report can be formally requested.
Finding A Solution To A Dispute
Disputes over trustee accounting can be resolved through communication and negotiation strategies. The beneficiaries or trust creator can continue to attempt to reach out to the trustee and obtain the report. If the trustee refuses to respond or is uncooperative, seeking legal help from an experienced trustee accounting dispute lawyer may be necessary. A Montana trust accounting dispute attorney with experience resolving trust accounting disputes can identify strategies to consider each party’s needs and put an end to a dispute.
Services A Lawyer Can Provide
When clients go to a lawyer with specific experience in working on trust-related disputes, they can receive the specific information that they need to move forward. It is beneficial to receive a consultation from a legal professional who understands estate planning and how trusts law. They can explain your legal rights, whether you are a trust creator, beneficiary of a trust, or a trustee. An experienced lawyer can review your situation and inform you of next steps that you can take.
Arrange A Consultation
Solving a complex trust accounting dispute can be hard, especially when there are multiple interested parties or if one party is not cooperating. There are legal resources you can receive if you are going through a trust dispute. Set up a consultation with a qualified Montana trust accounting dispute attorney from Silverman Law Office, PLLC for more information.
