What is the name of your state (only U.S. law)? NY
hi, what are the common provisions for distribution of assets in case of the death of a beneficiary?
My grandfather established an irrevocable trust, with his 3 children A, B, C named as beneficiaries. My grandmother is still living, B died recently leaving one child B1 (my cousin).
Is B's 1/3 share divided to the remaining living beneficiaries A and C, or is it distributed to her child B1 (per stirpes or per capita?) A has 2 children A1, A2, and C has 2 children as well C1, C2.
how can I find this information? (is it written in the irrevocable trust?)
Thank youWhat is the name of your state (only U.S. law)?
hi, what are the common provisions for distribution of assets in case of the death of a beneficiary?
My grandfather established an irrevocable trust, with his 3 children A, B, C named as beneficiaries. My grandmother is still living, B died recently leaving one child B1 (my cousin).
Is B's 1/3 share divided to the remaining living beneficiaries A and C, or is it distributed to her child B1 (per stirpes or per capita?) A has 2 children A1, A2, and C has 2 children as well C1, C2.
how can I find this information? (is it written in the irrevocable trust?)
Thank youWhat is the name of your state (only U.S. law)?