When a loved one passes, beneficiaries may find themselves in challenging situations involving estates and trusts. At Casey Lundregan Burns, P.C., we understand the importance of protecting beneficiaries and ensuring that estates are handled fairly.
What is a Fiduciary?
A fiduciary is entrusted to manage assets for someone else. This role includes executors, trustees, and personal representatives of estates. Fiduciaries must act ethically, honestly, and without conflicts of interest, and prioritize the interests of beneficiaries when administering the estate or trust.
In Massachusetts, beneficiaries have certain rights that safeguard them during the administration of an estate or trust
Key Rights as a Beneficiary in Fiduciary Disputes
- Right to Information: Beneficiaries have the right to be kept informed about estate matters, including accountings, updates, and relevant documents. In Massachusetts, trustees are required to notify beneficiaries of a trust’s existence within 30 days.
- Right to Accountability: Fiduciaries are obligated to act in the best interests of beneficiaries. If there is any suspicion of mismanagement or unfair treatment, you have the right to petition the court for changes, which may include removing the fiduciary.
- Right to Fair Administration: Fiduciaries must follow the instructions in the will or trust, handle assets prudently, and treat all beneficiaries equitably.
- Right to Legal Recourse: When rights are violated, you can take legal action to replace a fiduciary, recover misused assets, or claim damages.
- Right to Receive Your Inheritance: Above all, you are entitled to the inheritance designated for you without undue delays.
How Casey Lundregan Burns, P.C. Can Help
For decades, we have helped beneficiaries protect their inheritance rights in fiduciary disputes. If you’re concerned about the management of an estate or trust, our team can provide guidance and legal support to ensure your rights are upheld. Call us at (978) 878-3519 or click the button below to schedule a consultation.