1% owner, 99% Trust: ben. trustees can't be located

[justalayman]

Since they are of the same generation as the husband and wife who have passed, there is a better than even shot that they are also deceased, and that is why they cannot be found. I am amazed that the trust did not build in anything for a younger generation or a charity as another level of successor beneficiaries.

Well, that means they won’t be moving around the country which usually makes it easier to find them




Sorry. Couldn’t help myself.


If they have all passed it would mean their heirs would become involved. Of course the verbiage in the trust itself may give some direction. Op has a copy so he will have to figure that out.

 

[LdiJ]

Well, that means they won’t be moving around the country which usually makes it easier to find them




Sorry. Couldn’t help myself.


If they have all passed it would mean their heirs would become involved. Of course the verbiage in the trust itself may give some direction. Op has a copy so he will have to figure that out.

How would their heirs be involved if their heirs were not named as successor beneficiaries? I can see it flying if they died after the original grantors, but if they are that hard to find, they might very well have died before the original grantors. I still say that there is a better than decent chance that the wife had an address book or other documentation that had contact info for them.

 

[justalayman]

How would their heirs be involved if their heirs were not named as successor beneficiaries? I can see it flying if they died after the original grantors, but if they are that hard to find, they might very well have died before the original grantors. I still say that there is a better than decent chance that the wife had an address book or other documentation that had contact info for them.

Unless the trust directed otherwise the heir of a deceased beneficiary stands in line to inherit the estate of the decedent.

 

[LdiJ]

Unless the trust directed otherwise the heir of a deceased beneficiary stands in line to inherit the estate of the decedent.

However, this is a trust, which would not necessarily be part of someone's estate. In addition, the successor beneficiaries could have died prior to the grantors dying.

 

[justalayman]

However, this is a trust, which would not necessarily be part of someone's estate. In addition, the successor beneficiaries could have died prior to the grantors dying.

You are correct. My would should have been a could.