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My dad has an estate that has trustees over it, there is a…

my dad has an estate...
my dad has an estate that has trustees over it, there is a property management clause in the trust. But is the business a separate part or is the business classified as part of the estate
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Answered in 23 minutes by:
3/23/2018
Bill Attorney
Category: Legal
Satisfied Customers: 2,043
Experience: Attorney
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Dear Customer ,

Thank You for posting your trust and estate law question this evening. I'm attorney Bill assisting you with your legal query.

Trusts are separate instruments form estate assets and pass to the beneficiaries according to the deed of trust rather than a will or by intestate succession .

You can get a copy of the trust deed to determine what assets are within the trust itself.

If there is some conflict between estate and trust assets you can file for a court declaration by bringing a case to the probate court seeking a declaration from the court on what makes up the trust assets.

We are here to help so please follow up with me as required.

In return your positive rating is much appreciated.

I'm an independent legal expert and rely on your positive feedback today to get a credit for my time.

You do this by rating 5*****, 4**** or better.

FIVE STARS or your rating is much appreciated in this regard.

Thanks

Attorney Bill

Bill Attorney
Category: Legal
Satisfied Customers: 2,043
Experience: Attorney
Verified
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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