What is the name of your state (only U.S. law)? LA
Dad passed away this summer. He had a Living Trust which listed myself and sisters (2) as successor trustees. Also a Will which left everything to us.
Now the problem ... he married subsequent to creating the Trust and Will ... bought a house and car in both their names. Did not update the Trust or Will to reflect his marriage.
Do I have to probate the 'joint-property' alone or include the Trust Assets. Where would I do this ... house and car are in Louisiana and the Trust Assets are in Texas.
Do I need to open a new account for proceeds of his life insurance settlements and keep it seperate from the Trust Assets? What about credit card debts that he had in his name only.
The debts exceed the Trust Assets.
Thanks in advance,
JFD
Dad passed away this summer. He had a Living Trust which listed myself and sisters (2) as successor trustees. Also a Will which left everything to us.
Now the problem ... he married subsequent to creating the Trust and Will ... bought a house and car in both their names. Did not update the Trust or Will to reflect his marriage.
Do I have to probate the 'joint-property' alone or include the Trust Assets. Where would I do this ... house and car are in Louisiana and the Trust Assets are in Texas.
Do I need to open a new account for proceeds of his life insurance settlements and keep it seperate from the Trust Assets? What about credit card debts that he had in his name only.
The debts exceed the Trust Assets.
Thanks in advance,
JFD
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