Gun store Shooting Locations It is currently Fri Mar 29, 2024 3:49 am



Rules WGO Chat Room Gear Rent Me Shield NRA SAF CCKRBA
Calendar


Forum rules


Discussion or advice on how to create an Illegal NFA item will result in an immediate ban. No advice given within should replace user due diligence. Always consult a lawyer / professional.



Reply to topic  [ 3 posts ] 
 Simple trust question 
Author Message
Online
Site Supporter
User avatar
Site Supporter

Location: Kentucky
Joined: Fri Jan 16, 2015
Posts: 11046
So my dad was listed as a successor trustee on my trust.

Is there any reason to amend it and take him off the trust now that he has passed?

I'm thinking it won't hurt anything to leave him on there and if I need to amend something else later on I can do it then.

_________________
You may be right, I may be crazy, but it just may be a lunatic you're looking for


Fri Jan 20, 2017 9:41 am
Profile
User avatar

Location: Federal Way, WA
Joined: Mon Dec 19, 2011
Posts: 230
I don't think they is any legal requirement to amend the trust immediately. Does your trust have a beneficiary? If it does then no huge risk to the trust assets if you pass away unexpectedly. However, personally I would amend the trust sooner than later.


Sun Jan 22, 2017 8:44 am
Profile
Online
Site Supporter
User avatar
Site Supporter

Location: Kentucky
Joined: Fri Jan 16, 2015
Posts: 11046
Anthony.L wrote:
I don't think they is any legal requirement to amend the trust immediately. Does your trust have a beneficiary? If it does then no huge risk to the trust assets if you pass away unexpectedly. However, personally I would amend the trust sooner than later.



Yes, there is a beneficiary, that did not change.

I have both my parents listed as successor trustees. The wording is such that if either can't or won't be able to fulfill the role then the other can.

_________________
You may be right, I may be crazy, but it just may be a lunatic you're looking for


Sun Jan 22, 2017 12:04 pm
Profile
Display posts from previous:  Sort by  
Reply to topic   [ 3 posts ] 

Who is online

Users browsing this forum: No registered users and 39 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum



Rules WGO Chat Room Gear Rent Me NRA SAF CCKRBA
Calendar


Powered by phpBB® Forum Software © phpBB Group
Designed by ST Software for PTF.
[ Time : 0.563s | 16 Queries | GZIP : Off ]