Trusts
How can I find out if my father had a trust account?
My father died 3 a half years ago. I believe very strongly he had a trust account. He was highly invested all his life, and spent 30 years hiding it from my mother who is a big time gambler.Since his death there have been many inuendos about there being a trust but when I have asked both my mother and sister (who live together) they deny it.These inuendos have been many;for example my mother said she was a trustee in the estate,how would you feel if your husband left all his money to your son.My sister has said that her and mom moved all the money and if i want my share I will have to fight for it if i can figure out the one thing they did.She said if they get caught moving the money they will blame it on me.And there is so many more things or hints dropped. There is no will probated.I know trusts are not public knowledge but there has to be someway to find out .
Why should I consider a revocable trust if I'm a beneficiary in my husband's will?
If my husband has a last will and names me as his beneficiary, why do I need a revocable trust? Why wouldn't everything my husband owned, including stocks, in his name, be automatically in my possession upon his passing away?
Will I need to pay probate costs for my brother's 401k and life insurance?
My brother does not own real estate. He only owns a car and has about $450,000 in 401k & $100,000 in life insurance. I am the named beneficary of these 2 accounts. When he dies, will I have to go to court and pay probate costs on these funds (he has no will at this time? If yes, what are the probate costs? Would a living revocable trust avoid probate cost? Would a living revocable trust decrease or stop taxes from being taken out of theses funds when they are transfered to me as beneficiary?
What are Pennsylvania's gift act rules for irrevocable trusts and co-trustees?
I would like to get some information regarding Pennsylvania’s gift act pertaining to an irrevocable trust and how it relates to the responsibilities of co-trustees or co-fiduciaries. Please state the applicable statute that applies.
Can my aunt change an irrevocable trust left by my grandpa?
My grandpa left me an irrevocable trust. How could my aunt change it? I received his part when my dad died but he left an identical one to be distributed upon the death of his wife. A few months before grandma died my aunt had it changed somehow. I got nothing. We are talking at least $500,000.00. I got $160,000.00 when dad died. It had been collecting interest for 10 years when grandma died, but then nothing. The man at the bank said it was recently changed. Is this possible? Please provide definition of irrevocable.