What Happens to Trust Assets When Successor Trustee and Beneficiary Dies?

My aunt is Successor Trustee of my deceased grandmother's estate. My grandmother has a revocable trust and everything is supposed to be divided between my aunt and my mother. Well, my aunt just passed away a week ago. So does this mean that everything now belongs to my mother?


What if my aunt is married and her husband is not mentioned in the revocable trust? Is he entitled to anything?

I would appreciate any feedback on this issue....Thank you.

Deceased aunt in California...

Comments for What Happens to Trust Assets When Successor Trustee and Beneficiary Dies?

Average Rating starstarstarstarstar

Click here to add your own comments

Apr 28, 2011
Rating
starstarstarstarstar 		It Depends on Trust Language
by: Mo Johnson

Hi, interesting question. As so often, unfortunately, the answer is: "It Depends."

In this case it depends mostly on the precise language in the trust. If the trust said the assets were to go equally to your mom and aunt, and when they passed, their portion to their heirs -- then that's how it should work. If the trust said the assets only were to be used by your mom and/or aunt and when one died they all went to the surviving beneficiary (in this case your mother) -- then that's what should happen.

Bottom line is it all depends on exactly what the trust says.

Of course, as always, this is just general information; not legal advice and you should discuss your unique case with your attorney.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Living Trust Discussion.


Like This Site




Subscribe to
Free Living Trust Information

Your E-mail Address

Your Name

Then

We keep this private.

Follow the Living Trust Blog









Like this Page





Visit Our Social Pages

Become a Fan of Free Living Trust Information on Facebook Follow FreeLivingTrustInformation on Twitter Follow FreeLivingTrustInformation on Google+ Subscribe EstatePlanningHub Video on YouTube

Get a PDF version of this website and its sister site here.