California  |  Wills and Trusts

Legal Question

Asked on: 9/08/13, 9:02 pm

I'm concerned that an irrevocable trust, of which I am a vested beneficiary BUT NOT trustee is fraudulent and/or part of a tax evasion scheme. I'm mostly interested in protecting myself since I will become a co-trustee upon the death of the current trustee and fear being held liable for the evasion I believe is taking place when I assume my fiduciary position. Do I have any good options in protecting myself? I'm considering filing a claim with the IRS re my suspicion of the current executor.

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