explanade
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 10, 2008
- Messages
- 7,442
I have an umbrella to cover my assets.
My parents created a trust about 20 years ago and my father passed last year.
My mother resigned as trustee and made me the trustee. She had had no involvement with managing the finances, even paying monthly bills.
But she lives in their home, which is probably the biggest asset held under trust.
Would she need to get umbrella policy coverage to cover all the estate assets, with some held under trust and some under her name?
Or would I as trustee need to get additional coverage?
Or would it be possible to get umbrella coverage for the trust or estate?
My parents created a trust about 20 years ago and my father passed last year.
My mother resigned as trustee and made me the trustee. She had had no involvement with managing the finances, even paying monthly bills.
But she lives in their home, which is probably the biggest asset held under trust.
Would she need to get umbrella policy coverage to cover all the estate assets, with some held under trust and some under her name?
Or would I as trustee need to get additional coverage?
Or would it be possible to get umbrella coverage for the trust or estate?