Posted 02 April 2012 - 07:40 AM
Posted 02 April 2012 - 07:58 AM
"How long can they reasonably hold on to those funds?"
As long as you let them, I suppose.
"What if anything can I do to have them distribute the balance?"
Ask a court to order them to distribute the trust and close it out (assuming that's what its terms dictate).
Posted 02 April 2012 - 08:23 AM
How long can they reasonably hold on to those funds?
As long as is reasonably necessary to allow for reasonable certainty that the IRS and FTB will not take issue with the tax returns filed to date. Have you asked the trustee and/or his/her attorney when they believe the remaining amounts will be distributed? If not, why not? If so, do you believe the response you received to be unsatisfactory?
What if anything can I do to have them distribute the balance?
File an action with the superior court. Of course, you might be unsuccessful and, even if you are successful, your action might cause the trust to incur attorneys fees that will reduce the retained assets (possibly down to zero).
Posted 02 April 2012 - 09:53 AM
(April, 2012) this year but now they are stalling again.
Posted 02 April 2012 - 09:37 AM
[This post has been moved to the appropriate discussion. - Moderator]
Posted 02 April 2012 - 09:46 AM
Posted 02 April 2012 - 05:18 PM
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