Beneficiary disputes with the trustee or executor can significantly delay the distribution of the assets of an estate of a decedent to the beneficiaries.
Both the Trust and the beneficiaries save time, money and aggravation mediating problems with the Trust administration.
The legal fees for the executor and the trustee are paid by estate. However, the legal fees for the beneficiary are generally paid by the individual beneficiary and not by the probate or trust estate. The parties can agree on the way the mediator’s fees are split.
Mary Mayo is a certified mediator with a focus on real estate, probate and trusts. If you are represented by a probate attorney, your attorney is the person to contact us.