What can we do if my sisters and I are trustees of our father’s Trust, however while w have copies of it he did not list the assets covered by the trust and does not seem to want to?
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What can we do if my sisters and I are trustees of our father’s Trust, however while w have copies of it he did not list the assets covered by the trust and does not seem to want to?
We are concerned that we may have a difficult time when he passes.
Asked on January 7, 2015 under Estate Planning, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
You are correct: you might. Generally the assets must be transferred in to a trust prior to the person passing away and assets that are forgotten can be transferred via a "pour over Will." Please consult with an attorney asap. Good luck.
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