Question, if my brother disowns the family and moves away, how do we contact him if we don't know where he lives? Also, since he is not a beneficiary, why does he have to be notified?
Great Information, Thank you. What happens if Trustee sells the trust property and distributes the funds to the beneficiaries before the 120 day wait rule in California?
I live in Iowa. My mom died while living in IA. I am a beneficiary (+ 2 brothers). We have 3 trusts. My moms now irrevocable trust, my dads irrevocable trust and my mom’s irrevocable life insurance trust that was sold a couple months before her death. I am a joint trustee with 1 brother on my mom’s new irrevocable. He is the only trustee on my dad’s irrevocable trust and her irrevocable life insurance. I have issues with my brother’s trust decisions and spending of expenses. Is it okay to hire an attorney to speak for me?
Yes, you can hire an attorney to represent you individually. However, before going that route, I would, or course, suggest trying to work things out between the two of you first before legal fees begin to rack up quickly.
Would love a full detailed breakdown of everything in a future video or video series.
Finally a trust settlement video that actually gives information on how to settle the trust!
Thank you!! 🙏
Trust administration should be something all trust practices inform their clients about as it cost money.
Does there have to be any special instructions in the trust as far as selling assets?
Question, if my brother disowns the family and moves away, how do we contact him if we don't know where he lives?
Also, since he is not a beneficiary, why does he have to be notified?
Great Information, Thank you. What happens if Trustee sells the trust property and distributes the funds to the beneficiaries before the 120 day wait rule in California?
What happens if trustee wants to keep the house and the beneficiaries don't
I live in Iowa. My mom died while living in IA. I am a beneficiary (+ 2 brothers). We have 3 trusts. My moms now irrevocable trust, my dads irrevocable trust and my mom’s irrevocable life insurance trust that was sold a couple months before her death. I am a joint trustee with 1 brother on my mom’s new irrevocable. He is the only trustee on my dad’s irrevocable trust and her irrevocable life insurance.
I have issues with my brother’s trust decisions and spending of expenses. Is it okay to hire an attorney to speak for me?
…. My dad’s irrevocable is governed by Alaska laws since property is attached. One brother lives in MI and the other in OR.
Yes, you can hire an attorney to represent you individually. However, before going that route, I would, or course, suggest trying to work things out between the two of you first before legal fees begin to rack up quickly.
In California, what if there is an illegitimate child involved and not named in the trust?
This has been extremely helpful. Thank you for making this video!
Glad it was helpful! Thank you!