Q: Iam a Trustee on Dads will & Trust. He recently passed 1 month ago. I have 4 siblings. If there are no instructions how
To divide the monies from CD, checking,Savings & maximizer acct how much if any do they get. All i remember my father saying is if anyone objected to the amount & werent happy then automatically they forfeit their share. I know my Mom doesnt get nothing except to live free in the home & her maintain, pay insurance & taxes until she passes away then after I would sell & split in 5 ways If I chose or I wanted to keep it I could buy my siblings out. Also is there a time frame where I need to disburse any moies to the 4 beneficiaries? If So how Long? Are all personal belongings of my Dad to stay & not be removed from home property prior to I the trustee having even read the will & trust?? If anything Removed personal such as Guns, yard tools, Car tool , Any & All his personal property must be rerurned back.
A: These are all questions that should be answered by the terms of the trust. If you have any doubt, you need to have an attorney look at the trust document and evaluate what needs to be done.
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