QUESTION
we just found out the life insurance has a revocable trust but there's no trust my brother is power of attorney we are agreeing on everything advice?
Asked on Aug 08th, 2020 on Wills and Probate - Illinois
More details to this question:
my dad past away he thought he had a trust/will and he dont my brother is in charge of everything and i'm ok with that there's no dispute between us, but we found out yesterday my dad has 2 illegitimate daughters that are in there late 50"s he never had nothing to do with them we have never met them dont know anything about them. so my question do i need to worry about them?
1 ANSWER
2 Awards
Yes. They are as much heirs of your father as you and your brother are. If the life insurance is payable to the estate rather than to a named beneficiary, they, like you, will inherit. Hire a probate lawyer who practices in the county in which your father lived and died. Ask whether the estate can be settled by using a small estate affidavit.
Answered on Aug 09th, 2020 at 5:13 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.