Trusts

The beneficiaries of an irrevocable trust at PNC Bank Wealth Management would like to know the procedure the trust department uses to terminate an irrevocable trust with all interest and principle released to the beneficiary and moved to another firm without incuring legal charges against the trust.

I am the named trustee for a friend who passed away last November. How do I get the settler's daughter's name on the deed to the house? The daughter is the named beneficiary.

I am trying to refinance my house in CA to take advantage of lower rates. The house is in an A(revocable) and B (irrevocable) trust, which replaced the standard revocable trust, that was set up for tax protection, after the death of my wife. I am the trustee. I have read the post PA #18982 about the possibility of taking it out of the trusts and then returning it to the trusts, however I thought that (according to my attorney)irrevocable meant that half of the house was permanently left to my wife's heirs at the time of my death. When asked why the refi fell through because of the B trust, he couldn't give me a reason and he didn't seem to have any answers to fix the problem other than to write a check for the trust value, which I didn't understand and I can't do. When I had the trusts drawn up, I was assured that nothing would be any different as to the day -to-day use of the property, it only guarenteed that my wife's heirs got a share of her assets. I would think trying to get refinancing would be an important part of the d-to-d use. Is moving the house out of the trust(s) a solution in CA and if so, where do I start? I'm not sure if I trust my attorney's abililities at this point.

A couple in their 60s is about to get married. This is a second marriage. A Living Trust is being established just prior to their marriage. The main goal for the husband is that in the event of his death first, he would like his investments to go into some form of trust that will pay his wife monthly income but preserve the principle. At her death he wants his kids to be the recipients of his investment accounts. Can a regular Living Trust accomplish this or is some other types of trust necessary to accomplish this? Thanks

I am the beneficiary(as is my brother ) of a marital trust set up by my father.As my stepmother was 25 years younger than my father,I was told by my father and his attorney,that a marital trust was the best way to hold on to the family properties as it would be impossible to pay the inheritance taxes on all the properties.This way,said Daddy,we would all be able to enjoy them.Well,not only has my stepmother not spoken to me since Daddy's funeral,but my once close brother has become heady with power.My brother and stepmother are both trustees ,along with aforementioned tax attorney.I live on a ranch in Wyoming(one I bought,not my fathers)and my brother is in S.C.Although I have asked the lawyer on the phone,and emailed my brother,that I have a right to an accounting of the trust,I have yet to get one,daddy died in 2004.They have sold off two of the 'family properties'without a word to me,never mind any money.Do I not have a right to sue them.I feel sure there has been some self dealing.