Revocable Trusts

Question: Is a living trust required to include a Trust Protector? Response: No. Trust protectors are typically used in irrevocable trusts rather than revocable ones, and even then they’re [...]

Question: My wife’s sister is trustee of their deceased dad’s estate which totals about $700,000. There are four equal sibling beneficiaries including the trustee. The trustee is [...]

Question: What is an acceptable trust fee in the State of Utah. I manage a trust for my Mom. I spend two hours per year on management duties. There is a bank account, Apple stock, and a [...]

Question: What would be the typical cost of a bank administering a trust set up with quarterly distributions and could last 10 years? Response: It depends largely on the amount you will have in [...]

Question: Our home loan is paid off. We have our home in a trust for our children to receive in the event of our death. Can we take out a home equity loan on our home? Do we have to remove from [...]

Question: What is the procedure for a trustee who has successor rights, to take over as trustee? Response: Typically, the named successor trustee to a trust does not take over until the existing [...]

Question: Are beneficiaries of a trust governed by Indiana law, but administered by an entity in Ohio, permitted to get written information from that institution with specific regard to [...]

Question: My brother and I are about ready to get my mother to make out her will and a revocable trust. How do you make sure that the will is not contestable? Is there a way to do that and what [...]

Question: My sister in law, age 79, just lost her 90-year-old husband. They held everything jointly, so there’s no problem now. But they had no children and she is considering making a [...]

Question: The trustee for my uncle’s trust is a relative by marriage. My siblings and I are beneficiaries of my uncle’s trust. Our uncle told us for years that his trustee was [...]