Revocable Trusts

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 [...]

Question: If a trustee is making up phony invoices to bill my special needs trust, is there any way to keep her from using the trust funds to defend herself? Response: Typically, a trustee may [...]

Question: I am 72 years old. I have approximately $900,000 in assets……..virtually all are in bank accounts and mutual funds/stocks (with appropriate beneficiaries). I am single, [...]

Traditionally, estates have been passed down by “per stirpes” descent. More recently, this system has been replaced by the “per capita by each generation” system. Only an [...]

Question: I am trustee for two trusts with my brother as beneficiary. The trusts require that I distribute 3% of the combined trusts’ value each year with discretion to distribute more. He [...]