What you need to know about contesting trusts

On Behalf of | Sep 8, 2021 | Uncategorized

Trusts are an important aspect of estate planning in Indiana, but if you are unhappy with the terms of a trust that you’re associated with, you may be able to contest it. Read on to learn more about trusts and what steps you should take if you want to contest a trust.

Why you should contest a trust

There are many reasons why you may want to contest a trust. For example, you may find that you inherit a much smaller amount than expected. You might also contest a trust if you feel that it’s too vaguely written or otherwise unfair.

In some cases, trusts get contested because of tax reasons. For example, the trustee who manages the estate may get accused of mismanaging funds and not paying all necessary taxes.

How you should contest a trust

You may not be able to handle this legal process on your own and will need help from someone who understands the law in order to fight for what you want. An attorney may give you advice about how to approach the process of contesting a trust that you’re unsatisfied with or filing a claim against the person mismanaging the trust.

Things to consider

If you want to contest a trust, you should know that there are time limits involved. It’s important to act quickly so that you don’t miss any deadlines and risk losing your case.

Although it’s possible to contest a trust, you need to meet certain legal criteria in order to be successful. Remember that contested trusts can be one way to make sure estate planning goes the way you want it to go.