If one Ben won’t sign, and trustee needs to file accounting with court, can he distribute to the other bens that agreed, and hold back on the one who won’t sign? Or, are all beneficiaries distributions on hold?
Great question, we'll definitely answer this on the next A2L. On a holiday break this week but we'll return next week. Appreciate the questions and continued support!
@@AlDavLaw Trustee never provided accounting which is the least of it but now since I won’t sign dist agreement/assent to account/release paperwork, etc, the trustee is filing for court accounting approval. Am I notified of that process before court approval? I think you said it’s a done deal after court approves. My issues with bad trustee is 10 fold, not just accounting, so does that mean I can’t address those other issues after court approves?
What can one do if a trust gets amended only after their spouse dies... Would the heirs be able to revert back to when both parents had their ideas of how they wanted their trust to be distributed ..?
That all depends on the Trust terms. Some joint trusts made by married couples require half of the assets to be held in an irrevocable trust, called a bypass trust. But some joint trusts allow the surviving spouse to have control over everything, including making amendments. You have to read the original trust document and see what it provides. If half of the assets were not required to be placed into an irrevocable bypass trust (or something similar), then the trust will NOT revert to what both your parents wanted.
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Currently go through and I'm glad I found this video.
Sorry to hear you're going through it, but hope our video can help.
If one Ben won’t sign, and trustee needs to file accounting with court, can he distribute to the other bens that agreed, and hold back on the one who won’t sign? Or, are all beneficiaries distributions on hold?
Great question, we'll definitely answer this on the next A2L. On a holiday break this week but we'll return next week. Appreciate the questions and continued support!
@ thanks! Happy Thanksgiving
@@AlDavLaw Trustee never provided accounting which is the least of it but now since I won’t sign dist agreement/assent to account/release paperwork, etc, the trustee is filing for court accounting approval. Am I notified of that process before court approval? I think you said it’s a done deal after court approves. My issues with bad trustee is 10 fold, not just accounting, so does that mean I can’t address those other issues after court approves?
For me not just sign what ever there do
What can one do if a trust gets amended only after their spouse dies... Would the heirs be able to revert back to when both parents had their ideas of how they wanted their trust to be distributed ..?
That all depends on the Trust terms. Some joint trusts made by married couples require half of the assets to be held in an irrevocable trust, called a bypass trust. But some joint trusts allow the surviving spouse to have control over everything, including making amendments. You have to read the original trust document and see what it provides. If half of the assets were not required to be placed into an irrevocable bypass trust (or something similar), then the trust will NOT revert to what both your parents wanted.
I don't event know who the accounted is❤
Secretive so not an option. You won't steal and not own it! I'll put you in prison or sue.
No xplain to me just say sign my name am inocent
I never did anything to them ❤ but most of all I have Jesus on my said, they slender me all my life