Trust With No Beneficiary? Here’s What To Do.
When setting up a trust, it’s important to name a beneficiary who will receive the assets held in the trust. However, there may be situations where a trustee has to deal with a trust with no beneficiary. This can create confusion and uncertainty. If you are in this situation, there are steps you can take […]
Can A Trustee Remove a Beneficiary From A Trust?
A trustee of a trust has powers listed in the trust document, and as specified by state law. They are in control of trust assets, and ultimately are charged with distributing money and property to the trust beneficiaries. But can a trustee remove a beneficiary from a trust? Keep reading to find out more about when […]
Can a Beneficiary Sue a Trustee? Everything You Need to Know
Can a beneficiary sue a trustee? The answer is “yes” under certain circumstances. It’s important to understand your rights as a beneficiary and the various legal implications that suing a trustee may have. In this guide, we will explore how to go about filing a claim against a trustee, the risks involved, and what protections […]
Beneficiary of Life Insurance Policy Has Died: Who Receives the Proceeds?
When trying to determine who will receive the proceeds from a life insurance policy without a beneficiary, it can be confusing. Fortunately, there are some guidelines and processes in place that can help you figure out who is eligible for the money. Keep reading to learn more about life insurance with no beneficiary today. If […]
Can A Trustee Also Be A Beneficiary?
Trusts are legal documents that allow people to set aside money for future use. They can be used to provide financial support for children, pay for college education, or even cover medical expenses in case of illness. But that could create a conflict of interest if the trustee is also a beneficiary. In that case, […]
What Do Different Legal Words Mean? You may see or hear the following terms used in connection with a deceased person’s estate. This is a probate glossary of common words. If you’re confused about all the different legal words like “probate,” “personal representative,” “trustee,” you’re not alone. Hopefully this probate glossary will help. Annual Exclusion […]