A beneficiary of an estate or trust is often overwhelmed by the amount of information to process and the responsibilities of being named a beneficiary. In addition, a beneficiary may receive little or no communication from an executor or trustee, or he/she may distrust the executor/trustee and has concerns whether that person is acting in his/her best interests.
A beneficiary may engage legal counsel to represent them in the administration of the estate or trust to assist in understanding the importance of:
- information received from the fiduciary
- when to take action
- tax ramifications of an inheritance.
An attorney is also needed if a beneficiary believes that a fiduciary is not acting in the best interests of the beneficiary or is not carrying out the fiduciary’s responsibilities properly or in a timely manner.