Beneficiary’s Rights

The Cannon Financial Institute is sponsored a teleconference program entitled Understanding Beneficiaries’ Rights Under Trust Documents and Local Law  on January 24, 2006.  Here is the Institute’s description of the program.

There is often an understandable tension between the creator of a trust and its beneficiaries. Reluctance on the part of a trust settlor to reveal to the beneficiaries what the trust contains is only one example of the source of this tension. Beneficiaries at some point have an absolute right to a copy of the trust document, not to mention accountings. Trust instruments also contain provisions either circumscribing or providing for information flow to beneficiaries. In this month’s teleconference, Roy Adams and Clary Redd will address:

• How to obtain the maximum secrecy, if desired.
• Drafting trust instruments to protect beneficiaries but preserve privacy.
• When is, and what type of information is, required for the beneficiaries?
• Lawsuits involving beneficiaries’ claims for information.
• Do those preparing trust documents owe duties of disclosure to the beneficiaries?