Legal Question in Wills and Trusts in Pennsylvania
Revocation of Revocable Living Trust
My parents made a revocable living trust in both their names in 2001. My mother passed away in June, and my father is in a nursing home. I have power of attorney for him. I would like to revoke the living trust. My father owns no tangible property, and he only has investments under the amount of $250,000, and a checking account with about $12,000. The bank where he has the checking account won't take my mother's name off the account unless they have a document that states that a new trust was created in my father's name alone or that the trust was revoked. How can I go about revoking this living trust in a simple, uncomplicated manner?
1 Answer from Attorneys
Re: Revocation of Revocable Living Trust
There is no "simple uncomplicated" way to deal with trusts. You should consult a local estates and trusts lawyer, who will have to review the trust document[s] and the Power of Attorney to determine what would have resulted upon your mother's death and what powers you have under the Power of Attorney upon your father's incapacity, if that is the case.
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