Challenging the Validity of a Trust?
A trust, unlike a will, is often not a public record. Only specific people are typically able to view a person’s trust. These people generally include successors listed in a trust, beneficiaries listed in a trust, heirs by law of a trustor, previous heirs of a trustor, the trusts’ accountants, the IRS, and even personal representatives listed on the trustor’s will. When these people, listed above, receive a copy of the trust instrument, they have an option to object to the tr
Former Spouses are Cut Out of Assets
Effective July 1, 2012, a former spouse of a decedent is automatically cut out of non-probate assets which include life insurance policies, annuities, employee benefit plans, payable on death accounts, individual retirement accounts, transfer on death accounts and securities, according to the language of a recent statute change. What does this mean for a divorcee? Even if your deceased ex-husband/wife intended for you to be a beneficiary on his or her life insurance policy po