Recent content by HCW1896HCW

Current attorney is the same that drafted the original trust. Should I get a second opinion?

The Trustor has passed away and the trust was created over 20 years ago. The clauses in the trust are much outdated ( tax strategy, etc. ) The intent of the original question is, can a trust force a beneficiary to pay, out of his/her resources because a gifted asset is not able to be sold...

What if said gifted asset was an interest in a property holding company with multiple partners? The interest could not be sold because of its association with a business that the beneficiary ( and the trustor ) were apart of and needs for operation. What if the amount owed to each other...

Hypothetically: The Value of the trust is 6,000,000. The trust is split into equal thirds ( 1/3 or 33.33% ). One asset, worth 3 million, specifically goes to one beneficiary. That beneficiary would then have to pay each of the other beneficiaries, out his/her own resources, $500,000 to make up...

Ohio With very little background.... is this possible? Can a revocable trust be distributed as follows: The remaining property of a trust after debts, taxes, death expenses, etc. be divided into three equal shares for three named beneficiaries. However, one specific trust asset ( worth 1/2 of...