Twenty Years Of Experience In Various Cases
ESTATE AND TRUST ADMINISTRATION
The fame of revocable “living” trusts has influenced the quantity of bequests regulated under the probate framework in Virginia, yet it additionally implies that these trusts must be managed (yet secretly). Numerous decedents who set up living trusts didn’t completely finance them (all in all, re-title resources into the name of their trust), requiring those resources for be directed through the very probate framework they tried to keep away from. Until the resources are gone through probate and lawfully moved to the trust, the planned wishes of the decedent can’t be completed, and the recipients of the trust can’t get their legacy.