Mr. Ashman is absolutely correct. It sounds as though you have three intestate (no will) estates that will need to go through probate. This could be very complicated given the deceased heirs. you have not provided any details regarding whether the deceased sister had issue. You need to consult with a local probate attorney for guidance with this.
Mr. Fromm is correct. You need to be very careful in how you do this. The carry-over tax basis versus the stepped-up basis for tax purposes. Your most prudent course of action would be to have your parents consult with an estate planning attorney to draft a comprehensive estate plan for your parents.
Your best bet would be to consult with a Dade County probate attorney for a guidance and direction. In order for you to access the funds, a small estate probate will be needed. Your POA terminated on your sister's death. Good luck.
Your question doesn't seem to make much sense. Are you asking if you have to advise new collection firms that you filed bankruptcy? The answer is, "it depends." Is your bankruptcy pre-petition, if so, you should amend your schedules to include all collection agencies so that they are provided notice. If you have already filed (or retained a bankruptcy attorney), your bankruptcy attorney should should address these concerns for you.
Mr. Pippen is correct that your should not take the action you were considering. I would suggest that you consult with a local estate planning attorney or elder law attorney to develop and implement a comprehensive estate plan that will satisfy your goals.
The probate records are public. You should contact the court to see if you can get copies of the documents online for review. You will be able to see what's going on that way. If you have further questions, consider consulting with a probate attorney in the jurisdiction where the probate is taking place.
It may appear to you that you received a windfall and that you are entitled to it because someone made an error. The reality of the situation is that you received something to which you were not entitled. You have acknowledged that you are not entitled to it, and that you don't care who has to pay for the error. Ultimately, if the OR attorney pays for it himself or through his E&O insurance, you will most likely be on the defendant's end of a lawsuit. You didn't share any facts about the...
There are not too many facts about your circumstances, aside from your having no assets. That being said, usually an insurance trust is irrevocable. That may not be the proper tool for what you are trying to accomplish. You should meet with a local estate planning attorney to explore your estate goals and develop a plan that will accomplish them. Good luck.
Ideally, after a divorce, you should terminate the trust. Once terminated, you can consult with your own estate planner and have a new trust drafted. At the same time, you will want to revisit the rest of your estate plan, including powers of attorney, wills, ADHC, as well as updating any POD or joint accounts.