Legal Question in Wills and Trusts in California
trust question
Parents had trust. Mom died left dad in charge. His side revocable, Moms became irrevocable. Now dad passed away. Paying of debts now. I was told to pay off all his debts. Dad had no cash assets left on his side but mom did. Paid off a new car and credit card. about 33,000 total out of the irrevocable side. Same person who cpa said pay of his debts now said Don't pay off with irrevocable. Well, now what. Is the person in a jam because paying of debts out of his wifes account?
Very Confused
What happens to the one benefiary of dads side. Does that person pay back the irrevocable trust.
thanks
3 Answers from Attorneys
Re: trust question
I can't answer your question without reading the trust. My firm offers a one hour consultation for $275. Call me if you'd like to set that up.
Phillip Lemmons
Re: trust question
You should handle your responsibility with the guidance of an attorney. It is propert to pay for that guidance from the trust estates.
Re: trust question
You should handle your responsibility with the guidance of an attorney. It is proper to pay for that guidance from the trust estates.