Beneficiaries – What are your rights?

August 18, 2016 by admin · Leave a Comment 

A Beneficiary is someone who receives a gift or benefit under a Will.

What are the rights of a beneficiary?

If you are named as a beneficiary in a Will, you are afforded certain rights. The two main rights you should be aware of are that:

  1. All beneficiaries must be informed whether or not the deceased left a valid Will
  2. The beneficiary of a Will is entitled to receive a copy of the Will in its entirety if they make a formal request to the executor to do so

Common disputes

The most common complaints of beneficiaries are that:

  1. The beneficiary is not being provided with information regarding the asset position of the trust and is being ‘kept in the dark’
  2. The executor is favouring one beneficiary over another
  3. The beneficiary suspects that the executor is using their position to benefit themselves

How can we help?

While these are the most common disputes related to the rights of beneficiaries there are a number of other issues you may encounter. We can talk you through any questions you may have about your rights as a beneficiary and work towards a solution.

 

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