prop.& acc'ts are held jointly within a Inter Vivos Trust. Money over the exemption is pers. injury judgm't money, and is not taxable. I am the suriving spouse and co-Trustee.
I am sorry for your loss. Probate under the facts you describe is likely unnecessary. You may however, have some obligations regarding the administration of the trust. It is recommended you speak with a trust attorney to review the trust and advise if any notices or other actions are required. Additionally, if there was a pour-over will, you should lodge the original with the court.
Probate is not needed if the estate is in a Trust. The successor trustee now needs to act on behalf of the trust if the trustees have passed.
Probate not necessary if assets are held in trust. However, you may have obligation to administer the trust Review with probate counsel.
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