Can a successor trustee spouse make radical changes to a Revocable Trust.

It will be important to review the terms of the trust and see whether anyone other than John Doe is granted the power to amend the trust to make...

In an irrevocable trust what rights do those that aren't listed as either beneficiary or disinherited have?

Sometimes omitted persons have grounds to set aside estate planning documents, such as a spouse where the marriage occurred after the documents...

Transferring your home to a trust that is revocable by you, and in which you are the beneficiary, will not trigger any due on sale clause. Federal...

Does an IRA account automatically go into the trust even if it is not listed in the trust?

The IRA will be governed by its beneficiary designation. If no beneficiary was named, then the IRA plan may have a default designation (such as...

The terms of the trust control. If the trust calls for the assets to be distributed outright, then the beneficiaries have vested rights at that...

You should consult with an experienced trusts and estates attorney near you. Much will depend on what the trust states. If the trust is to be...

You will need to record an Affidavit of Successor Trustee so that you will be on title as trustee of the trust. There should be no reassessment of...

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With a typical AB trust, the assets are divided into the A trust and the B trust at the death of the first spouse, with the A trust holding the...

Check from dad's estate admin w/note "close XX estate". Estate was improperly adjudicated. Does depositing connote acceptance?

You should consult with an attorney regarding your specific circumstances. If you disagree with how the estate was administered, you need to...

Will there be another stepped up basis when trust ends, or will beneficiaries have to deal with depreciation deductions taken?

Generally, the assets in a person's estate will receive a basis adjustment at death, with some exceptions (such as retirement accounts). Depending...