My question involves estate proceedings in the state of: Missouri
(First off, a thank you to the administrator for the site and forums. A huge thank you to the volunteers who offer advice, tips and knowledge.)
The Trustmaker has passed away. There are 2 beneficiaries, with one of the beneficiaries being the trustee. A law/accounting firm oversees things. Everything to be split 50/50.
The trustee and firm apparently sold all shares of the stock without permission from the other beneficiary (who verbally expressed that they wanted to hold onto their portion of the stock and sell their shares at future date...instead of selling now). Is there any legal reason that would allow the firm and trustee to make such a move without any consent from the other beneficiary?
Thank you.
(First off, a thank you to the administrator for the site and forums. A huge thank you to the volunteers who offer advice, tips and knowledge.)
The Trustmaker has passed away. There are 2 beneficiaries, with one of the beneficiaries being the trustee. A law/accounting firm oversees things. Everything to be split 50/50.
The trustee and firm apparently sold all shares of the stock without permission from the other beneficiary (who verbally expressed that they wanted to hold onto their portion of the stock and sell their shares at future date...instead of selling now). Is there any legal reason that would allow the firm and trustee to make such a move without any consent from the other beneficiary?
Thank you.
Heirs and Beneficiaries: Trust - is There a Protocol for Selling Stock
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