In this video, you get answers to these questions: What is a receipt and release form? The petition may also seek financial damages from the trustee.Lindsey Munyer, Partner at Keystone Law Group, discusses the rights of trust beneficiaries and the steps they can take to enforce them. To close a bank account on behalf of someone who has passed away, you must have legal authority to manage the account. If everyone named in the trust the trustee, trust beneficiaries and heirs unanimously agree to termination or modification of the trust. Demand an Accounting of Trust Assets: A "current beneficiary" can make a written demand for account. I need a sample letter to request a formal accounting of an estate and of a trust that I am very confident the trustee. A beneficiary may request that a trustee convert a trust into a unitrust.