Q: Can a surviving wife with a large investment account, change the beneficiaries away from the trust?
The trust was established before her husbands death, but she is expected to have UBS change the beneficiaries to cut out the husband's children so all monies would go to her children. How could it be stopped? Is that legal?
A: Generally, only the original "TRUSTOR" can change the terms and obviously they can't make any changes after they die. Your question is unclear- who is "UBS"? If this has been attempted, a lawsuit needs to be filed asap seeking to enjoin any further action and to set aside any transfer that have already been made. You need a lawyer, you can't do this properly by yourself.
A: Generally, only the original "TRUSTOR" can change the terms and obviously they can't make any changes after they die. Your question is unclear- who is "UBS"? If this has been attempted, a lawsuit needs to be filed asap seeking to enjoin any further action and to set aside any transfer that have already been made. You need a lawyer, you can't do this properly by yourself.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
