Legal Question in Wills and Trusts in California

Living Trust -- unequal shares to children

Mom amended her living trust so $20,000 would be deducted from my younger sister's share to repay a loan. After Mom died, we sold her home and now have $600,000 to distribute to us 3 children. If we deduct $20,000 from my younger sister's share, giving her $180,000, that leaves $420,000 in the estate. Do I and my other sister divide the $420,000 and receive $210,000 each? That means we would get $30,000 more than my younger sister; she claims we should only get $20,000 more (each). Please help.


Asked on 10/11/06, 12:02 pm

1 Answer from Attorneys
Scott Linden Scott H. Linden, Esq.

Re: Living Trust -- unequal shares to children

If you check the math, you are correct. Explain that if all were to receive 200K then she paid each of you 10K as repayment of the debt, it works out the same as how you explained it. If it were to total as she states, she would only be paying out 10K.

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Regards,

Scott

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Answered on 10/25/06, 3:52 pm


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