Wednesday, April 1, 2015

re: trust agreement. my mother passed on 3/2. step father surviving spouse is selling their house that is held in trust. how do I protect my...

Question

re: trust agreement. my mother passed on 3/2. step father surviving spouse is selling their house that is held in trust. how do I protect my 50% of trust estate?



Answer

How do you know you have a 50% interest? Does the trust say so? The terms of the trust itself should outline and protect your interest if it is stated there. Who is the trustee? Is the trust to be distributed now, or at your step father's death? Does the trust allow your step father to use the trust for his needs? We would need a lot more information to provide any useful answer.



Answer

The first step is to obtain a copy of the trust to see how the estate is to be administered.



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