If the trust was set up as a testamentary trust the testator could have conveyed any property that she owned prior to her death. In that case the property would not become part of the estate nor part of the trust upon her death. There are many cases where a testator devised property in an outdated will that she no longer owned. That land is gone. It was not part of the trust property.
No. The trust specifies what happens if the beneficiaries are no longer living. It could go to the beneficiaries' estates, or a remainder man, or to a charity. It is possible for the person who set up the trust to leave it to the trustee.
The trust gets divided into 100 equal parts and given to the beneficiaries.
Typically property that cannot be claimed by kin when someone dies goes to the government. If money is owed on the house it is given to the bank.
That will depend on how the trust is written. In most cases the beneficiaries have no say in how the trust is distributed.
It becomes a part of their estate. It will be valued and the executor will have to either sell it to pay debts or transfer title to the beneficiaries. In most cases it will have to be sold to pay any debts that exist.
An IRA requires a named beneficiary. If there are no beneficiaries named, it will be a part of the estate.
you will have to pay your own taxes not your parents.
Generally if the decedent no longer owned the property devised in the will, the beneficiary is out of luck. However, there have been cases where beneficiaries have asked the court to pro-rate the legacies when the assets are not enough to cover all the legacies. You should discuss this situation with an attorney, especially if the stocks are of a considerable value.
he would have to get out busness
The property will become owned by the state in which the property is located. When this happens we say the property "escheats" to the state.
A property doesn't eact.
If it is only CLAIMED that the act was unconstitutional, it will take action, initiated in Federal Court, to decide the issue.