A “beneficiary” is a person who, under the terms of the will or trust, has a right to receive assets from a trust or probate estate. Often times, inexperienced or greedy trustees or executors cannot resist the temptation to access estate assets for their personal benefit. Unfortunately, Santiago & Jones is regularly retained to pursue the recovery of assets stolen by trustees or executors in these situations. In such cases, quick and decisive action is necessary to preserve remaining estate assets and recover assets, which have been improperly taken or concealed.
Additionally, trustees and executors often fail to perform their duties to beneficiaries. Most commonly, the failure to properly and timely account to beneficiaries for trust/estate funds spent requires a request for an accounting. If such a request is made and denied, legal action may be needed to compel an accounting.
If you are a beneficiary of a trust or estate and believe that a trustee or executor is not properly handling the administration, call Santiago & Jones today for a free consultation with our experienced attorneys.