My father died and had a basic A/ Trust. I need to transfer
My father died and had a basic A/B Trust. I need to transfer 1/2 of the assets into a "bypass trust" and, since his assets are just two savings accounts that are about equal it seems pretty straight forward. However, I am unclear about whether I need to have an attorney draft a separate Bypass Trust or it simply exists as defined by his Trust and defined. Do I need to have a separate document drafted and signed by the trustee?
My wife's ex-husband passed away last year. They had a son,
My wife's ex-husband passed away last year. They had a son, who is currently 12 years old. The life insurance for him listed her son as the beneficiary. We received noticed from the life insurance company that my wife had to prove financial guardianship with the courts before they would disburse funds. Do we need to petition for guardianship or conservatorship? Everything I'm reading states we need to petition for conservatorship as that deals with financial matters.Also, when the funds are disbursed, are there rules for how the money can be used? We want to put away most for his college, but there are expenses such as medical, food, car, insurance that we would need to use some funds for. Is this possible?
My former husband and father to my minor children passed
My former husband and father to my minor children passed away nearly 5 years ago. He left his estate to our children. I was never shown the will nor have I seen it or had disclosure to it since he's passed. I found out that in the will he outlined the children receive money in increments starting at 25. Can I challenge this as I don't agree with it. Thanks for your help.
My ex wife passed away and my ex sister in law is executor
My ex wife passed away and my ex sister in law is executor and my daughter is the benificiary of two properties and two IRA's. I am now the legal guardian, what rights do I have while contracts are being signed by my minor daughter? Do I have the right to view contracts and be present while deals are being done? When the properties are sold by a realtor who do those checks get written to? The IRA's will get transfered and the money from the houses will go into an account in my daughter's name but my concern is since she is a minor can the executor name themselves controlling party of those accounts or name themselves beneficiary?
My mother left me as the sole beneficiary of her IRA account
My mother left me as the sole beneficiary of her IRA account when I was 4 years old. Since I was a minor the account was given custodians--my aunt and uncle. I am now 25 years old and they still have not removed themselves from the account. The account still has me as a minor so I can't get access to my inheritance. My aunt and uncle are uncooperative about getting a court order signed so that they will be removed from the account. What can I do about this? How do I get access to my inheritance? In FL the custodians of the account are (by my understanding, maybe I'm wrong) obligated by law to sign the account over to me once I am 18 years old, but it has been 7 years and they aren't doing anything. I feel helpless.
My Mom just passed away and my brother is the executor of the
My Mom just passed away and my brother is the executor of the estate. In the will, my 8 year old daughter was given 25K and it stated if she was not 18 at the time of my Mom's death "bequest may be transferred to a custodian for her under the Wisconsin Uniform Transfers to Minors Act."I just received a copy of the will and a notice that an attorney has been named as my daughters guardian ad litem and I guess will be the custodian of her bequeath???Are her Father and I not allowed to be the guardians of this money?There is no family discord and I am trying to figure out why my brother has done this? Can you help me?
We have our home on land that as "given" to my husband & I
We have our home on land that as "given" to my husband & I by my parents. On the deed, they had our minor children added to the deed. My father passed away last year. We want to sell out home (my mother has agreed to allow us) but we are told that we can not sell until both out children reach 18 yrs. old. The last child won't be for another 8 yrs & then who knows if they would allow us to anyway. How can we remove the minor childrens names from the deed so we can sell out home?