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Recent Testamentary Trust questions
Texas Trust Attorney Question: I am the beneficiary of a
Texas Trust Attorney Question: I am the beneficiary of a testamentary trust set up by my Grandfather. I am the sole beneficiary and my three cousins are the remaindermen. The current successor trustee is US Trust after BOA, NCNB, and Republic Bank. They are very expensive, but otherwise haven't done anything wrong. #1: did Texas adopt the no-fault trustee removal sections of the Uniform Code and #2: If the beneficiary (me) and all the remaindermen (my three cousins) would like to change the trustee to be either another bank or Me, or one of my cousins, can we force it or must they resign. Again, they've done nothing wrong, but are just way way too expensive for this little trust.
I reside in Hawaii. The will executor lives in California.
I reside in Hawaii. The will executor lives in California. My father, legally, lived in Illinois when he died. He asked that my inheritance be set up in a trust, not turned over to me as cash because I have chronic health issues. Which state should the trust be structured in?JA: OK. The Estate Lawyer will need to help you with this. Have you consulted a lawyer yet?Customer: Not yetJA: Is there anything else the Estate Lawyer should be aware of?Customer: The total value of the estate is over $! millionJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Estate Lawyer about your situation and then connect you two.
My dad passed away some time ago, leaving two testamentary
HelloMy dad passed away some time ago, leaving two testamentary trusts from a probated will. One is a QTIP marital and the other is a CRUT charitable. Upon moms demise, the QTIP passes into the CRUT. My dads will specifies estate taxes are to be paid from the QTIP. Moms will makes no mention of the QTIP or paying her estate tax. Should the QTIP be included in or excluded from the list of probate assets.Thanks Mark
Does a trustee of a California trust have a timeline of
Does a trustee of a California trust have a timeline for distribution of principal to its beneficiaries. In other words, is there a statute that states something in terms of how long a trustee can hold on to money. THE TRUST HAS BEEN SETTLED AND IRS ESTATE TAX RETURN WAS COMPLETED.The person died in December 1st 2013, no money has been paid out.
My aunt has passed on in her trust she has named 5
My aunt has passed on in her trust she has named 5 beneficiaries. the assets are now being distributed but one of the beneficiaries is not allowing any contact to receive her share of the assets. According to the conservator there is no allowance for unclaimed assets. however we have a video that explains t aunts wishes if one of the beneficiaries does not need the money. is there a length of time that has to pass before money goes to the state. and is there anything we can do to petition the courts to have the money distributed to the other beneficiaries
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I am trustee disabled cousin. It has been determined that he
I am trustee for my disabled cousin. It has been determined that he needs to go to a nursing home. I know he has to surrender his social security and all of his assets. My question is I manage a small testamentary trust that is in my name and social. Do I have to surrender this as well?
I have a Last will and Testament. It contains instructions
I have a Last will and Testament. It contains instructions that my spouse is to have a trust set up in her name after my death. My question is when and how will this trust be put in place? will she need a lawyer to do this after my death?
My parents were divorced in IL in 1965 but in reviewing the
My parents were divorced in IL in 1965 but in reviewing the divorce papers, throughout the entire document it states his first name correctly until the final order page. There it has a totally different first name. Example:***** ***** is used correctly until the final order page, the page that has the Judges signature & stamp granting the divorce. There it states: "***** ***** is hereby granted a divorcee from Sonny Jones" not ***** *****.Both parties are deceased but this may bear significance as I was the first born son of the first marriage; (both parties remarried) my father recently died and in his will leaves his assets to his wife & their children. Does that name error invalidate the divorce and therefore question the validity of the subsequent marriage? Could the 2nd marriage be invalid? Is it possible to file a motion requesting the Court to rule the divorce invalid? Estate is significant.
Your previous response to my question proved incorrect whenView more estate law questions
Your previous response to my question proved incorrect when I spoke with the lawyer for my mother's revocable trust. Form 76A from the Cuyahoga County Probate Court applies to testamentary trusts, whereas my mother's trust was a revocable or living trust,which took care of her needs while alive and facilitated distribution of assets upon her death. I need to obtain a form or an Ohio approved letter that facilitates the final distribution of the trust assets to the 5 heirs and also releases me from liabilityin connection with the administration of the trust. Can you find a suitable form or write the appropriate words. I would like the heirs to sign the letter, to release me from liability, or as a minimum have the lawyer for the trust sign the letter/notice,which would be distributed with the final distribution. Thanks for your help!