Bill of Trust Beneficiary Rights

Each and every beneficiary to a family trust should enjoy these rights:

  • The beneficiary should receive all that’s best for her from the trust.
  • The beneficiary should have the trust explained to her in writing and in understandable English.
  • Knowing what benefits her, the beneficiary should have active input in creating the vision, mission and goals of how the trust will be administered for her benefit.
  • Given that the benefits of a trust flow from how its assets are spent, the beneficiary should have a significant voice in setting the trust’s policy for distributions and expenses, including its budgets.
  • A beneficiary should have significant input in devising a trust investment policy that supports its goals & asset outflows.
  • A beneficiary should have a trustee who treats her with due respect and also demonstrates the highest intentions to serve the beneficiary’s interests.
  • A beneficiary should have recourse for any disloyalty of the trustee.
  • A beneficiary should not have to sue to remove or constrain a trustee who violates the beneficiary’s rights.
  • A beneficiary should receive full & prudent disclosure of the trust’s administration.
  • A beneficiary should have the trust’s success measured by how much it has enhanced her life.

These rights are limited only by the trust document, by the trust laws, and by the specific resources available and other practical realities.

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