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Sent to Legal Experts October 30 2007 at 7:54 PM
   

I finally found you! Please answer a few questions for me. Is it legal to cross out and initial large changes to your living trust in the State of Washington? If so, would the changes be recorded? What keeps a living trust enforceable? Do you need to keep records or show on paper how the distribution of the assets should occur? Does the Managing trustee have full power? What records if any does the (in this case) three managing or executors or whatever you call them (in this case greedy) have to show if asked for by a beneficiary? I am unable to get anything! Not a will not a asset distribution not anything. Just what they say and the few pages that they sent me with things crossed out and in my opinion falsely initialed.

Customer (name blocked for privacy)
Answer
October 30 2007 at 8:32 PM (37 minutes and 32 seconds later)
         
ACCEPTEDCheck Mark

Karen:

The general rule is that amendments to a trust require the same type and level of formality that the execution of the original trust required. So crossouts and initials will generally not stand up as valid amendments to the document.

If the trust was well prepared originally, there will usually be a clause in it that states that it can be amended or revoked in whole or in part by the grantors at any time. That same paragraph will usually have some language that states how those amendments are to be done. Crossouts and initials are not on that list. After the grantor passes away, the trust becomes irrevocable (which also makes it un-amendable from that point forward except by a court). Any cross outs done by the grantor are suspect.as to their validity. Any cross outs done by the successor trustees after the grantor passed away are almost for certain invalid.

If there were a desire that the trust be construed with its crossouts, I would expect that it would be necessary to either get everyone's consent, or that it would be necessary to file the trust with the probate court and to ask them to construe how the trust should be read while giving deference to the apparent wishes of the grantor.

The grantor typically is the only party with an original trust, unless they had a corporate trust company as trustee (like a big bank in that area). So their would be no place to record changes to the trust.

Living trusts are enforceable because the state laws honor their creation. A trust is just another entity, perhaps more closely related to a corporation than anything else. It exists because of a writing on paper, and it is governed by documents which give authority for someone (in this case the trustee) to manage its assets for a stated purpose.

I used to describe it that when the grantor died, all that really happened is that he or she resigned as trustee (which meant that a named successor had to step up to fill the vacancy), and that we have turned the page to plan B as far as the set of operating instructions (distribution terms) are concerned that we now have to follow.

The trustees have full powers as usually are granted them in the trust, but usually that is only to administer the trust according to its exact terms. Being a trustee is not something that a person can legally manipulate to their own benefit. They have a fiduciary responsibility to the beneficiaries to manage the trust properly.

I am presuming that the grantor has passed away. If it were my call the trustees should then be giving a copy of the relevant distribution terms to the beneficiaries. In some cases, where it was the decedent's wish that no one be told what anyone else was getting from the trust, we have limited how much information we gave to different individuals, but otherwise we normally just sent everyone interested a full copy of the trust.

I always preferred to run a trust administration in a similar manner to a probate administration. People need a copy of documents so they know what we are dealing with. We would prepare an inventory so everyone knows what the asset base was. There would be tax returns to take care of, both for the trust (fiduciary tax returns) and for the decedent (personal income tax returns), and possibly even estate tax returns. There are bills, and possibly debts of the decedent to pay. There should be an accounting of the trust's activity. My preference is that beneficiaries be kept informed as we move through those steps, and receive copies of things such as the inventory and the accountings.

If the trustees are not being forthcoming with information, including copies of the parts of the trust that govern your interest in the trust, and that has been going on for any significant period of time, in order to break the logjam you may have to file a petition with the probate court and ask them to review the activities of the trustees. Aside from taking that step, you don't have a lot of leverage over the trustees.

I think I've at least touched on all your questions. I hope this has helped. Let me know if you have any followup questions. If none, please remember to click on the ACCEPT link so that I may receive credit for working on this topic with you. (I’d greatly appreciate it!)

Thank you,
Dan
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The information provided is general in nature only and should not be construed as legal advice or to create an attorney-client relationship. You should always consult with a lawyer in your state.
PS: If an answer appears to you to have been very helpful, or to have taken above average expertise and/or research, or if the answer shows an above average amount of time and dedication devoted to your issue, a bonus is nice way to say “Thank you”. Thanks!


1 Other Expert Agrees with this!
Reply
October 31 2007 at 9:21 PM (1 day later)
         
Thank you for your reply! Please let me know if you could what the statute of limitations is on this type of matter in Wa. and in Ca.. I know there is, as you put it, serious manipulation on the part of the managing trustees.

Let me give you a short synopsis of my situation...

I am the only daughter of six children. My brothers were awarded with the benefits of my father's success. Paid College Education, Down on first home, many personal loans for very large sums of money (hundred's of thousands) and pretty much lived in good fashion due to my father's will to make them successfull. I on the other hand was given no money for college no down for anything ever, nor did I ask for same. I am sad to say that my father believed that women were better to be uneducated and for the most part barefoot preganant and servants to their man. So seeing the big picture I believe that it was my mother that wanted to make sure that I was able to get the property that I have lived on for some 20+ years. I left only to care for my parents when they needed me as well as my elderly aunt whom I cared for until her death in my home at age 97.

When my mother died and I and my 10 year old daughter were left to discover her and deal with getting her to the mortuary. Being that my fly by night father was off on another world excursion, knowing full well how close she was to expiring. All my brothers came to the funeral and I was told that my eldest brother was to take over the finances due to my father never being a very good bill payer nor did he ever have to wash his cloths cook meals, or organize because mother did it all with my help. I was devistated! But never said a thing. Only when I discovered that policies on my fathers life were being closed did I take action to make it so that they did not lapse. I sent letters to the known insurers requesting that the policies be reinstated.

Well to make a long story short. When father died less than six months later I was told that any policies were none of my business. My brothers raided my home being that mother and father lived here and threw everything around until it looked as if 40 robbers had come through and left with the safe (filled with a fortune in gold coins, bars, stamps, and extensive gun collections and lots more that I can't even go into due to their enormity). I was told that there was a video tape of the ransacking and would be given a copy of it. Never have got one thing that I have requested only given a cold shoulder and told nothing or just ignored.

What can I do now that the trust is being disolved and everything that was in it changed by no other than them.

Both mother and father told me continually that this land was to be mine free and clear. Right up to their deaths they assured me that it and everything in and on it was to be mine.

Please give me advise and help me to find answers. I am just trying to make myself remain sane due to the brothers raping me again. (Oh yeah forgot to tell you that my older brothers had a little too much fun with my body from about age don't really know to about 10) And now I feel like they are doing it all over again. I am paying a mortgage of 1.2 million was paid minimal amounts for life insurance while they all profited to the tune of about 1/2 mill. each.

I am sick and tired of this bull and really want to sock it to them for what they are doing to my mothers and fathers wishes and my life. Please help!
Answer
November 1 2007 at 5:13 AM (7 hours and 51 minutes and 19 seconds later)
         
ACCEPTEDCheck Mark

Karen:

With the types and quantity of concerns here, this would be a case where it would be prudent to ask an attorney to review this on a possible contingency basis.

A petition can be filed with the probate court in the state where they were residents which can bring the trust under court supervision to review these issues with the trust's administration. One such issue that would be appropriate in this case would to ask the court to construe the trust and determine exactly what is valid as of date of death. In this process, the court would have the authority to review the 'amendments' and to determine which if any are valid, leading up to a determination of what language is enforceable and what is to be excluded.

With the sums of money at issue, this should be something that an attorney would be willing to take a look at and review. Also, with documents in hand it will be easier in person to assess the situation from a planning perspective.

I would suggest that you gather as much paperwork as you can, especially copies of any trusts and wills, including both old and the most recent with the modifications, that you have, and any other relevant paperwork you can find, if possible even photos of the ransacking of your house (if you took any), and meet with someone.

I wish you the best with this.

I hope this has helped. Let me know if you have any followup questions. If none, please remember to click on the ACCEPT link so that I may receive credit for working on this topic with you. (I'd greatly appreciate it!)

Thank you,

Dan

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The information provided is general in nature only and should not be construed as legal advice or to create an attorney-client relationship. You should always consult with a lawyer in your state.

PS: If an answer appears to you to have been very helpful, or to have taken above average expertise and/or research, or if the answer shows an above average amount of time and dedication devoted to your issue, a bonus is nice way to say "Thank you". Thanks!

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