![]() Either in the trust or in a separate writing, the trustor can waive these requirements.All of the other qualified beneficiaries are the descendants of the trustor AND the trustor’s spouse (one step-child and everyone gets information).Spouse is the only permissible distributee of the trust, and.Terms of trust (trustee is deemed to have satisfied request by providing a copy of the entire trust agreement)Ī Trustee is not required to provide information to a beneficiary other than the trustor’s spouse (or domestic partner) if:.The Trustee must promptly respond to beneficiary request for information related to: Trustee’s must keep all qualified beneficiaries “reasonably informed” about administration of the trust and of the material facts necessary for them to protect their interests Upon beneficiary request, an itemized statement of all property held in the trust.Itemized statement of current receipts and disbursements of principal and income, and.Trustee’s must provide annually to each permissible distributee: Would be a permissible distributee if the trust terminated on that date.Would be a permissible distributee if the interests of the other permissible distributees terminated on that date, or.Qualified Beneficiary: a beneficiary who, on the date that such beneficiary’s qualification is determined: ![]() Permissible Distributee: a beneficiary who is currently eligible to receive distributions of trust income or principal, whether the distribution is mandatory or discretionary Uniform Law: This section is based upon § 813 of the Uniform Trust Code.General Information/Reporting Due to Beneficiaries (e) Subsections (a), (b), and (c) of this section do not apply to a trust created under an instrument executed before the effective date of this chapter. A beneficiary, with respect to future reports and other information, may withdraw a waiver previously given. (d) A beneficiary may waive the right to a trustee’s report or other information otherwise required to be furnished under this section. (6) For the purposes of this subsection, the term “report” means a report of the trust property, liabilities, receipts, disbursement, and distributions, including the source and amount of the trustee’s compensation, a listing of the trust assets and, if feasible, their respective market value. (5) A personal representative, conservator, or guardian may send the qualified beneficiaries a report on behalf of a deceased or incapacitated trustee. (4) Upon a vacancy in a trusteeship or upon termination of the trust, the trustee shall send a report to a nonqualified beneficiary who requests it unless the preparation of the report was waived by the qualified beneficiaries. (3) Upon a vacancy in a trusteeship, unless a cotrustee remains in office, the former trustee shall send a report to the qualified beneficiaries. (2) A trustee shall, at the termination of the trust, send a report to other qualified beneficiaries who request it. (c) (1) A trustee shall, annually and at the termination of the trust, send a report to the distributees and permissible distributees. (4) Shall notify the qualified beneficiaries in advance of any change in the method or rate of the trustee’s compensation. (3) Within 60 days after the date the trustee acquires knowledge of the creation of an irrevocable trust, or the date the trustee acquires knowledge that a formerly revocable trust has become irrevocable, whether by the death of the settlor or otherwise, shall notify the qualified beneficiaries of the trust’s existence, of the identity of the settlor or settlors, of the right to request a copy of the trust instrument, and of the right to a trustee’s report as provided in subsection (c) of this section and (2) Within 60 days after accepting a trusteeship, shall notify the qualified beneficiaries of the acceptance and of the trustee’s name, address, and telephone number ![]() (1) Upon request of a beneficiary, shall promptly furnish to the beneficiary a copy of the trust instrument (b) Subject to subsection (e) of this section, a trustee: Unless unreasonable under the circumstances, a trustee shall promptly respond to a beneficiary’s request for information related to the administration of the trust. ![]() (a) A trustee shall keep the qualified beneficiaries of the trust reasonably informed about the administration of the trust and of the material facts necessary for them to protect their interests. ![]()
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