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In the early '90s my stepfather passed. He left my mother a…

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In the early '90s my...
In the early '90s my stepfather passed. He left my mother a simple trust of $25k set up so she could collect the monthly interest checks. She is now 92 and I am the trustee. My stepfather set up his will that upon her death these monies in the trust were willed to a private freestanding rehab center. This is my question. The rehab center no longer exists in it's original form. Since 2000 or so it was acquired by a small not for profit hospital system and that is now a part of a larger national system specifically Catholic Health Initiatives. Since the rehab center was acquired and longer exists by name does that trust fund now go to CHI ? I would assume that debts and liabilities as well as anything bequeathed would follow. These acquisitions were not purchases but "alignments" since all are not for profit. We live in Texas. Thank you so much for your time.
Submitted: 7 months ago.Category: Estate Law
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11/27/2017
Estate Lawyer: Loren, Attorney replied 7 months ago
Loren
Loren, Attorney
Category: Estate Law
Satisfied Customers: 38,844
Experience: 30 years experience in the practice of estate law.
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Estate Lawyer: Loren, Attorney replied 7 months ago

Does the trust make any provision for your discretion in choosing an alternate beneficiary or give any direction if the primary beneficiary does not exist?

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