Austin, TX asked in Estate Planning for Texas

Q: I have a question about a particular line in my father's trust agreement that his estate planning attorney has sent me.

"waives any right to additional information regarding the matters governed and effected by this Agreement." (yes, the grammatical error is in the actual document). I'm concerned about this because I've been largely kept in the dark concerning family financials and I'm not entirely confident that the trustees listed in the agreement have me or my dad's best interests at heart. What exactly does this line mean/entail? Is this standard in trust agreements?

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1 Lawyer Answer
Terry Lynn Garrett
Terry Lynn Garrett
  • Estate Planning Lawyer
  • Austin, TX
  • Licensed in Texas

A: It is not standard. In Texas an annual accounting must be provided to any beneficiary 25 or older, unless that beneficiary has waived the right to receive the accounting.

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