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Living Trust for Individual Who is Single, Divorced or Widow or Widower with Children New York Form

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Living Trust for Individual Who is Single, Divorced or Widow or Widower with Children New York Form

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naturally a very common question i hear from my married clients when creating their trust is what to do when one of them passes away what happens to a trust when one of the trust stores passes away believe it or not the answer almost always entirely hinges on whether one of two words is present today we'll talk about that one word and how to find it and what it means keep in mind that this is all in the context of a spousal trust but can equally apply to any trust created by two or more people such as one between siblings or business partners and remember the trust stores are the people who created the trust to begin with hi attorney andrew bethel and don't worry i won't keep you waiting the words we're looking for here are either may or shall these words will tell us whether the assets can remain in the trust through the lifetime of the surviving trust store or whether the trust estate must be split into two sub-trusts to typically plan around estate ta

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