by BirdbyBird » Sat Mar 29, 2014 8:34 am
I don't have a living Revocable Trust but I have had an opportunity to handle both my father's and my step mother's over the past few years as they stepped back from financial dealings. My father named me Trustee and removed his name from his trust several months before he passed and I was named Trustee of my step mother's at her passing. It made dealing with financial matters at their passing so much easier. I still had a lawyer walk me through processes after their passing but it was so much easier and I had legal access to money to pay those last outstanding bills that came in without having to wait until probate, etc. I was continually thankful to my father for his foresight in setting up his trusts and organizing his financials well in advance.
I did make sure to keep my brother and my step sister in the loop and well informed about any proceedings so that they understood what was happening. Having the lawyer to advice me on how to best inform them of legal steps I was taking gave me peace of mind....
Tina and the furry companions...Lark, Audrey and Jane