I am an heir to my parent's estate. The trustee is Fidelity along with my mother who has been in a memory facility with advanced Alzheimer's. I have asked my sibling for copies of the statements, balance, investments P & L, taxes, expenses, etc. What am I entitled to and what do I exactly say to Fidelity?
As a beneficiary of the trust, you are entitled to the pertinent provisions of the trust which pertain to you. Request said language from the trustee. With a corporate trustee, it may be wise to act through a lawyer to ensure you get all the information you need.
If you are a beneficiary of the trust, you have a statutory right to receive information about the trust, such as statement copies which should show you the assets, the investment mix and expenses paid which includes fees. I believe you will get more attention if you have an attorney make that request who will cite the specific statutory sections outlining your rights.
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