If I’m the trustee of a family Trust and am ready to disburse the proceeds to the 3 beneficiaries, are there any legal forms I must provide to them?

The Trust just sold 20 acres of bare land.

Asked on April 15, 2015 under Estate Planning, Oregon

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

The aprticulars of what the state of Oregon requires may best be asked of an attorney that handles trust work in your state.  But it is always good practice to lay out the details of everything in even letter form and have all the beneficairies sign off on it (notarized letters are even better) acknoledging their agreement to what is being done and disbursed.  You also have to do a Trust Accounting and that is always good to enclose and have them acknowledge receipt.  Good luck.


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