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Then there are no further assets to be distributed. The trust fund is a finite size and once it is gone the trust is closed.
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∙ 8y ago
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If a decedents home is left out of their trust is the executor still liable to pay the mortgage?
The home is a part of the estate. It does not matter that it is or is not in a trust. The executor is responsible for taking care of all of the assets of the estate.
Can an exeutor of a trust legally take more than their share as it reads in trust?
No, an executor of a trust is legally obligated to distribute the assets according to the terms specified in the trust document. Taking more than their entitled share would be a breach of their fiduciary duty and could lead to legal consequences.
What do i do when my Mother is withholding trust fund from daughter?
If the trust fund was established for you and left to you via a will, and you believe that the provisions of the will are being violated, you can appracoh the Probate Court and report the situation.
How do you find out if you have a trust fund in your name from your grandfather whom has passed he had told you that he started one for you and your siblings years ago?
my father died and i was told i have a trust fund, how do i get this for college im only 16yrs old
Does executor get left anything in the will?
That will depend on the will. There is nothing to prevent the executor from being left something, and they can collect a fee from the estate.
My grandpa passed away 1 year ago and he left me a trust fund but i dont know how to find out where it is and i feel kinda guilty asking my grandpa's finacer about it?
Why feel guilty about it? It was left for you and you are entitled to it, so ask and find out! The other person to check with is the executor of the estate. You should feel guilty. If I were you, I'd get an attorney
Can you object to your money being put in a trust fund if it is left to you in a will you are almost 50 years old?
It might depend on the stipulation(s) contained in the will (if any).IF there were no stipulations and it is being withtheld from you on the decision of the Executor - if you have never been adjudged incompetent by the courts you could file a protest with the probate court.
Recently my father died and left a trust fund to me and my 2 siblings. can one sibling invest the enitre trust fund without the consent of the others. why or why not?
You need to review the document that created the trust to determine what can and cannot be done with the trust property and who can do it. A trust is managed by a trustee. The trust document will tell you the identity of the trustee and will also set forth all the powers of the trustee.
How do you get the trustee to hand over a trust fund left to you?
You generally have no say whatsoever in how a trust is handled for your benefit. That is up to the trustees unless you can prove they are causing injury to the intent.
How do you get a trust fund that was left in an account and only you can redeem the funds when you reached 18 years of age but was lost and have no records of the trust fund being in the account?
If you have a trust fund, some record of it exists somewhere. I do not believe that every record was lost. Find the record. If, however, there is absolutely no record remaining anywhere, then there is no way to prove that you own this money and you will never be able to obtain it.
Your deceased dad left a trust fund for you when you were a minor. Your mother won't tell you where it is located and you are now 25. How do you find the trust fund?
First, check in the records of the probate court where your father died to see if there is a probate file in his name. If there is, you can request the file and review all the documents. The trust may be mentioned as well as the name of the attorney who probated the estate. If you don't find a probate file, then think about how you know your father left a trust fund for your benefit. Ask any relative who ever mentioned or seems to be aware of that trust fund. You need some sort of information to start your search. Try to discover the name of the attorney who your father may have used during his life and call that attorney. If your mother is the trustee, you may sue her to compel her to turn over the trust fund to you or at the least to account to you for the handling of the trust. As the trust beneficiary, you have a right to the funds if the trust calls for a distribution at 25 and even if it does not require a distribution at 25, you have a right to an accounting of her administration of the trust fund. As trustee, your mother has a fiduciary duty to do these things and the court will enforce that duty. Either of these actions will give you the location of the trust fund. You should schedule a consultation with an attorney who specializes in trust law.
Why do they call Douglas haig a hero?
General Haig is a hero of World War one because after the war ended, Haig opened up a trust fund for all the people in the war that were killed, injured badly or left homeless. This trust fund grew and is now what we call the Poppy trust.
