Legal Question in Wills and Trusts in California

My parents prepared a revocable living trust with their three adult children as co-trustees/co-executors. The trust includes a building from which rental income has been going into a joint checking account held by my parents and brother--this rental income is not mentioned in the trust. Now that my parents are both deceased and I am one-third owner, am I entitled to one-third of the rental income? It is my understanding that if I choose not to be a one-third owner, that I can force the sale of the building. If my siblings are opposed to selling the property, what would be the process for them to buy me out? Is it legally required of me to hire a trust settlement lawyer to accomplish this?


Asked on 7/15/12, 11:38 pm

1 Answer from Attorneys
Kurt Seidler Law Offices of Kurt A. Seidler APC

It all depends on how the trust is worded. Yes you do need a probate specialist to help you.

Read more
Answered on 7/16/12, 6:30 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in California