Does a co-trustee have to provide information to another trustee if that information is relevant to the disbursements from a trust
by 
irish222
ANSWERS: 1
-
If you are truly co-trustees, not contingent or successor, then yes. Check the language of the trust. Generally, the grantor named two or more people as trustees as a checks and balances measure. Be careful, it could come back to bite you. If you are a co-trustee and do things on your own you may be liable for unwarrented distributions. Also, depending upon how the account is set up, which should be done by the executor, signatures of all trustees may be required to make a distribution, which would make your inquiry moot.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC