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Should I or my Living Trust be named as beneficiary in father's Will?

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GrnPstrs

Guest
What is the name of your state? AZ

My father is in the process of writing his Will. He wants to include me and my brother as recipients of his possesions. My wife and I also have a Revokable Living Trust.

I have heard that I should ask my father to list my Trust, not me by name, as a beneficiary in his will. Is there any reason why I should (or should not!) ask my dad to do this? Are there tax implication that I should be aware of? The size of my dad's estate is around $250,000, mostly real estate.

Thank you very much for your attention.
 


gowest

Member
I'm in the same situation. Never thought of having my parents name my revocable trust and not me as the beneficiary.

Hope someone can answer your question.
 

Dandy Don

Senior Member
These are specific questions that only a trust attorney or the trust department of a bank or an estate planning professional can answer and it would be worth it to consult them.
 

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