Alex What do you need to know about trust litigation?
The Petition states the facts and law that entitle the Petitioner to money damages or another remedy. It might ask that a conservator be appointed, that a trustee be removed, that a trustee be held liable for breach of trust, or that a trustee be permitted to take some action or to refrain from some action.
How does a living trust work in Connecticut?
If no estate tax is due, the Connecticut estate tax return is filed with the local probate court and the court assesses a fee based on the total amount reported on the return – including the value of the living trust. Using a living trust does not avoid probate fees. KEEP IT PRIVATE…
Can a living trust be read in probate?
If you have a Will and go through probate administration, your Will becomes a public document that anyone can read. The terms of a living trust, however, are not public. You may have particular reasons for desiring privacy – from leaving unequal distributions to children or making donations to certain charities.
What are the stages of trust and estate litigation?
Here is a summary of the eight stages of trust and estate litigation, followed by a more detailed explanation of each stage. In this first stage, we gather evidence and assess the strength of your case. We’d like as much information as possible before we file or respond to a lawsuit.
If you have a Will and go through probate administration, your Will becomes a public document that anyone can read. The terms of a living trust, however, are not public. You may have particular reasons for desiring privacy – from leaving unequal distributions to children or making donations to certain charities.
If no estate tax is due, the Connecticut estate tax return is filed with the local probate court and the court assesses a fee based on the total amount reported on the return – including the value of the living trust. Using a living trust does not avoid probate fees. KEEP IT PRIVATE…
The Petition states the facts and law that entitle the Petitioner to money damages or another remedy. It might ask that a conservator be appointed, that a trustee be removed, that a trustee be held liable for breach of trust, or that a trustee be permitted to take some action or to refrain from some action.
What are the instructions for a probate trust?
Follow trust instructions: The trustee also must do anything the trust instructs (unless what is instructed might be against the law).