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Trusts and Estates

The chief responsibilities of a beneficiary are to make sure the trustee or executor have the beneficiary's current contact information and to respond in a timely manner to a trustee's or executor's request for information.It depends on the terms of the trust. Some trusts provide an automatic disposition of a beneficiary's interest upon the beneficiary's death, others do not. You should review the terms of the trust to see what it says happens upon a beneficiary's death. If there are any funds that were due the beneficiary, you may need to open an intestate estate depending on the circumstances. If in doubt, have the trust reviewed by a lawyer experienced with trust administration.Ten years from the date of maturity of the deed of trust, so for a typical thirty year deed of trust the period would be forty years (30 years to maturity plus 10 years from the date of maturity).First, you should review the trust to determine whether and to what extent you are permitted to disclose information about the trust or its assets to the beneficiaries. Increasingly grantors (the person who funds the trust) are placing restrictions on what information the trustee is permitted to disclose to beneficiaries. If in doubt, have the trust reviewed by a lawyer experienced with trust administration.Intestacy is when someone dies without a will. When someone dies intestate, the distribution of their probate assets is determined by state law.

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