When a child is designated as a beneficiary on some investments is that investment subject to the estate?
Yes-you can disinherit as suggested. My preference would be using a living trust with language added the you have omitted for personal reasons.
Largo, FL
Estate planning Lawyer at Largo, FL
Practice Areas: Estate Planning, Tax ... +2 more
Yes-you can disinherit as suggested. My preference would be using a living trust with language added the you have omitted for personal reasons.
The trust has language to deal with how the successor trustee takes over. Many trusts have a provision that states that 2 doctors(not the court)...
Failure to give accountings and communicate are good reasons for removal. You will need an attorney as suggested to make this happen.
It really depends on the language in the trust document. It might be necessary to have multiple attorneys representing various trustees to get...
You represent?-are you an attorney. If so-you should do your research-not rely on this forum. If not-hire an attorney and since personal property...
The distribution will be part principle(not taxable) and maybe built up income inside the product that will be taxable. The attorney or CPA or...
Have an estate planning attorney discuss your options including living trust(s) as an option.
I think attorney Parri gave you the best option-try to be the representative payee and if that fails-proceed with a guardianship proceeding.
Don't just think about getting a will-have one prepared immediately so your wishes have a clear direction that must be followed.
Hopefully your grandmother is still alive-if so-your remainder interest does not have a value as an asset at the present time for bankruptcy reasons.