Commingling assets is a common issue we see with our trustee clients, and it’s one that can land you in some serious hot water. While it takes a little extra work and bookkeeping to keep trust funds separate from your personal funds, it’s a trustee’s duty to do so. What are commingled assets? The term […]
The Trustee’s Guide to Commingled Assets Read More »
As a trustee, you can be legally removed if you fail to comply with your duties to the beneficiaries or otherwise mismanage the trust. While some trust instruments may outline a procedure for removing a trustee, beneficiaries can also petition the probate court to do so. Can a trustee be legally removed? Yes, a trustee
The Trustee’s Guide to Avoiding Trustee Removal Read More »
A generation-skipping trust is a type of irrevocable trust agreement that allows grantors to leave their assets to their grandchildren, “skipping” their children. While grandchildren are the most common beneficiaries of generation skipping trusts, anyone who is at least 37½ years younger than the grantor and is not the grantor’s spouse or ex-spouse can be
Can You Dissolve a Generation Skipping Trust? Read More »
The short answer is yes, a trustee can also be a trust beneficiary. One of the most common types of trust is the revocable living trust, which states the person’s wishes for how their assets should be distributed after they die. Many people use living trusts to guide the inheritance process and avoid probate. In
Can a Trustee Also Be a Beneficiary? Read More »
(Scott E. Rahn, RMO Co-Managing Partner, was recently featured in Lawyer Monthly. Here’s an excerpt, below. To read the full article, click here.) Just hearing the word “litigation” can trigger feelings of unease for many, but in reality, trust litigation is just a tool, a formal process through which an heir, beneficiary or fiduciary who
Trust Litigation: What Does It Entail – Lawyer Monthly Read More »
Sometimes family members have good reason for disinheriting someone. For example, a parent may have already given substantial assets to a spouse, child or grandchild, and feel like they’ve given enough. To ensure their intentions are followed, they disinherit that person. If you feel you were unjustly disinherited, read more. What is the definition
The Most Common Grounds for Disinheritance Read More »
RMO, LLP Trust litigation attorneys and probate lawyers. We protect people like you, Every day. | Call: 424-320-9444 l Email: [email protected]
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