recycbride
Member
ohio-my son's father passed away 1 mth. ago--(we are divorced)-deceased left a will & revocable trust--trustee & excutrix is deceased's cousin--at this time there are (2) problems--(a)life ins. policies were supposed to have a beneficiary change at the time the trust was drawn up to make the trust the beneficiary--for whatever reason the deceased never did this (b) because of this, the trust cannot be funded in the manner it states and because the stock portfolio's which the deceased had (which the beneficiary is the trust) have gone from 330K a yr ago to 41K as of this date--mortgage on deceased's home was to be paid off upon his demise from trust and his live in companion of 2yrs was supposed to have a right to live there until remarriage, her demise. or she divested herself of the interest--problem is there are not enough funds in trust now to pay off mortgage--my son has no intention of signing over his share of the life ins. proceeds to the trust and I think that is very wise--this was suggested by attorney and trustee---what now happens with the house and the fact that the living estate for the companian cannot be fullfilled as the wishes of deceased requested per the trust? The insurance policies state 50% to my son and 50% to the deceased's mother--Is there anyway the other beneficiary can hold up my son's claim on the life ins.--he has already sent in paperwork--they do not have a good relationship nor does he have a good relationship with the executrix/trustee--his father & I adopted him when he was 4 days old and that side of the family never really accepted him--I am concerned they will try their best to give him the shaft--help