Rights of Creditors includes involving the court in order to collect on a debt that was owed by the settlor, and they must follow certain procedural steps. Here is what Trustees and beneficiaries should understand about the rights of creditors going to court seeking payment of a debt.
Creditors can still attack the transfer and attempt to reach the assets. One avenue of attack is to argue the transfers to trust were fraudulent.
Generally, the following are five signs that indicate a trust is revocable, and therefore subject to attack by a creditor. Read more here.
What should you do when a trustee refuses to comply with the terms of a trust? First, it’s important to contact an experienced and knowledgeable attorney.
Pursuing a legal action as a result of a trustee or settlor’s alleged mental incompetence is an uphill battle. Here we discuss defending against a claim.
What Happens When a Party Seeks to Revoke a Will Admitted to Probate? Read more here about what to expect and when you need to talk with an attorney.
Understanding the obligations and procedures surrounding trustee accountings is an important first. The following is an overview of seven helpful facts about trustee accountings.
If the trust does not contain clear instructions as to what constitutes the mental incapacity of your loved one, you may need to seek court intervention.
Most people execute an advanced directive as part of the creation of an estate plan. This document appoints an agent who can make health care decisions on their behalf.
What can you do if you no longer trust the trustee of a trust? As a beneficiary, you have several options. The following is an overview of some of the more common options: