Yes, you can change your revocable trust after your husband's death, as long as you are the surviving trustee and the trust remains revocable. You may want to review the trust documents to see if there are any specific provisions regarding amendments or changes. It's advisable to consult with an attorney to ensure the changes are legally valid and align with your intentions.
it remains a grantor trust
Revoking a trust means it goes back to the grantor. Who is, in your example, deceased.I trust (no pun intended ... well, maybe a little bit) you see the problem here.Essentially, the distinction between a revocable and irrevocable trust vanishes when the grantor dies.
A revocable trust can be made a beneficiary, subject to restrictions and limitations, or the benefits will not be paid to anybody.
Depends on the case. In the irrevocable trust or a trust after the person dies neither are revocable. If the executor doesnt act properly they can be removed by a judge. Once all of the funds are giving out of the will there is no longer a executor.
when your husband dies you do not remain as MRS you change to ms or miss!
If the husband is the policy "owner", and the children are listed as "revocable" beneficiaries, then the change can be made. However, you can be sure [that] when the husband dies, the new beneficiary designation will be challenged. Think carefully about this before you act. Perhaps , assuming the husband is insurable, a new (additional) policy should be purchased naming the new wife as the primary beneficiary.
No, a spouse cannot change the deceased husband's will after he dies. The will becomes irrevocable upon the death of the testator. Any changes would need to go through the probate process.
If two people own property jointly the sole ownership automatically passes to the surviving joint owner upon the death of the other. Neither can change that operation of law by their will or by a trust. The surviving owner can devise the property in THEIR will or transfer it to a trust.
A husband is called a WIDOWER when his wife dies.
When a husband dies the wife is called his widow.
If the children are not minors, it is doubtful they can successfully argue against the trust. But they can certainly try to take you to court.
A married woman is freed from the law of her husband when he dies.