2 legal questions have been posted about trusts and estates by real users in Arkansas. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include powers of attorney, charitable giving, and asset protection. All topics and other states can be accessed in the dropdowns below.
The trust document itself may define heirs at law. If it does not, you need to look to the definition in the trust statutes for the state where the trust was created. Heirs usually mean the closest relatives including a surviving spouse and adopted children. Please note that, if the trust states that the remaining assets of the trust go to heirs at law when the disabled son dies, this means those heirs living at that time. It also might be defined as his heirs, not his mother's. Again, look at the language of the trust document. If you are unclear, you (as trustee) can petition the probate court to guidance as to how to administer the trust. This cost would be paid by the trust. ...
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The trust document itself may define heirs at law. If it does not, you need to look to the definition in the trust statutes for the state where...
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The fact that you have been paying the Property Taxes has nothing whatsoever to do with who inherits. If the probate has been completed, the court would have ordered transfer of the title. A recording fee of a few dollars is all that is required for the transfer once the probate is concluded.
Other than just stating in the Will that one person inherits the entire estate, certain other specific statements would have had to be in the Will for the person who died (the Testator) to disinherit his or her other children. The decedent cannot just fail to name them.
I hope you are using an experienced Arkansas probate attorney.
To Your Success,
Gale Allison, Principal AttorneyAllison Firm, PLLChttp://www.theallisonfirm.comhttp://www.linkedin.com/in/galeallison.com...
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The fact that you have been paying the Property Taxes has nothing whatsoever to do with who inherits. If the probate has been completed, the court...
Read More