What is the name of your state (only U.S. law)? Wisconsin
My grandmother died and left her assets in a trust to benefit the "living children" and subsequently the living grandchildren if one of her children was deceased. However, my mother died 11 months after my grandma but before any distribution was made.
My mother, unfortunately, has an insolvent estate with many debts.
We are wondering if the trust can now benefit the grandchildren (per the trust documents) without passing through the estate of our mother (which has not and will not be opened by us). My grandma's trust attorney believes so based on the trust documents but we don't want to receive the funds, use them, then have my mother's creditors come after us for the money.
Basically we're looking for a second opinion.What is the name of your state (only U.S. law)?
My grandmother died and left her assets in a trust to benefit the "living children" and subsequently the living grandchildren if one of her children was deceased. However, my mother died 11 months after my grandma but before any distribution was made.
My mother, unfortunately, has an insolvent estate with many debts.
We are wondering if the trust can now benefit the grandchildren (per the trust documents) without passing through the estate of our mother (which has not and will not be opened by us). My grandma's trust attorney believes so based on the trust documents but we don't want to receive the funds, use them, then have my mother's creditors come after us for the money.
Basically we're looking for a second opinion.What is the name of your state (only U.S. law)?