Rights of Beneficiaries
A trust is created by a loved one or family member for the benefit of a third party.
As a trust beneficiary, you have the right to full disclosure regarding how the trustee is handling the estate.
The rights of beneficiaries can be confusing but a practiced lawyer can explain the rights available to you under Texas law
Know your rights as a Beneficiary
Texas Prop. Code Ann. § 111.004 defines an interested person as “a trustee, beneficiary, or any other person having an interest in or a claim against the trust or any person who is affected by the administration of the trust. Whether a person, excluding a trustee or named beneficiary, is an interested person may vary from time to time and must be determined according to the particular purposes of and matter involved in any proceeding.”
If you are concerned that you are being mistreated, or the trust is not being properly managed, it is important to contact an experienced Texas attorney. Whether you are an individual, a group of individuals, or a corporation, you are entitled to beneficiaries’ rights. The probate process is controlled by Texas statutes that can seem complex and contradictory.
By working with a knowledgeable attorney, you can ensure that your rights are protected even if you are concerned about testamentary trusts, non-probate assets, intestacy or the general mishandling of an estate.