Question : What to do after inherited a living trust?
My mom had a living trust set up when she was alive. She recently passes away and I am the beneficiary of her trust. So now I am the owner of her property, do I need to set up a new revocable living trust under my name and change everything that is under her trust to my new living trust?
- asked by Stupidcat
All Answers:
Answer #1
Well first of all, you're not the owner of herproperty. You're the beneficiary of the trust.Someone else, the trustee, has legal title. Infact, if you do have legal title its not a trust.Either way, you need to speak with an actuallawyer.
- answered by Martha
Answer #2
You need to hire an attorney. Simply changing thenames on the paperwork won't mean a thing unlessit's submitted to the courts.
- answered by GracieM
Answer #3
hire a lawyer
- answered by brass monkey
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