As the beneficiary of a trust what are my rights and what are my obligations

As the beneficiary of a trust, your rights and obligations will depend on the specific terms of the trust. In general, however, beneficiaries of a trust have the right to receive trust property or income according to the terms of the trust document. The specific rights and obligations of beneficiaries will vary depending on the type of trust and the terms of the trust instrument.

Some common rights and obligations of beneficiaries include:

• The right to receive information about the trust and its administration, including financial statements and reports

• The right to receive distributions of trust property or income according to the terms of the trust

• The obligation to use trust property or income for the purposes specified in the trust instrument

• The obligation to manage trust property responsibly and in accordance with the terms of the trust

• The obligation to account for any trust property or income received

It's important to note that beneficiaries do not have the right to control the trust assets or direct the actions of the trustee, as the trustee is responsible for managing the trust and making decisions in the best interests of the beneficiaries. The beneficiary also cannot change the terms of the trust unless it's given power in the trust agreement, unless the trust is a revocable trust and the grantor who established the trust is still alive, you have the right to change or revoke the trust.

It would be best to consult with a legal professional and also read the trust agreement to know the specific rights and obligations you have as a beneficiary of the trust.