Q: What rights does a residuary beneficiary have in AZ to see all information re: estate debts, expenses, property, assets?
Dad died 7 mos ago. can't get any info from estate lawyer. being told only entitled to limited info and 1x/year accounting. As residuary beneficiary, I believe I am entitled to all info as all transactions ultimately will affect how much money I get. I can't find any detail on what specific information a residuary beneficiary is entitled to in AZ. Can you point me to that info?
A: The amount of information you are entitled to depends on whether the assets are held in an estate or trust. If it is an estate, the personal representative must give you an initial inventory from the date of death and an income and expense report (i.e. accounting) from then until final distributions. If it is a trust, the trustee must provide similar information from time that the trustee is appointed, which is usually the date of death, but it may not be. See ARS Title 14, Chapter 3, Articles 7 & 10 and Chapter 10, Article 8.
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