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I am a beneficiary of a trust and I would like to know if I have a right to ask the lawyers and accountant of the trust how much money is left in the trust so I may better plan ahead for my future. I took an early retirement to take care of my fiance and he in turn took care of me in two trusts. One trust fund called me when they lost a lot of money in the stock market and said they could only pay half until the stock market came up. Which is fine. They were honest with me. When I contacted the Law firm that is handling the second trust they said I didn't need to know. I was upset and called a lawyer to represent me. She in turn wrote a letter and asked for their records on my trust. They in turn called her and said they didn't keep records. She sent them another letter stating she would like to see the tax returns for the last eight years. They were supposed to send them before Labor Day. I called my lawyer and she said we'll give them another week. Do I have any rights?
Already Tried: I have retained a lawyer Marnie Moor at XX XXXXXXXX XX.,Lynn, MA. The company in question who do not keep records is Newbury & Co. in Wellesley, MA. I thought it was the law, that you had to keep records. How can they get away with this? They keep giving Marnie the run around. I am so upset. Thank you for your help in this matter.
You are certainly entitled to a written report of the administration of the trust and you are entitled to an accounting from the trustee. Your attorney may have to file suit to force this issue. These matters should be disclosed in a reasonable manner.
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