Not sure if this is the right forum or not but here it goes. Have any of you been the Trustee or Executor of your parents estate?
I'm the Trustee of my elderly mothers Living Trust and she's explained to me the basic content of the trust but I haven't actually asked to read the Living Trust papers themselves simply because I didn't wish her to think I'm overly interested in her worth or who was getting what, etc....
It's fairly apparent that all of us siblings are getting an equal amount of the estate so that's not my concern but the other day a sibling asked if I had read it and questioned whether his spouse would get his "share" if he passed away before my mother. To be honest I don't know what the answer is or if my mother has even thought about surviving spouse's like that. I'm also married so I guess I should also have the same concern.
I guess my question is whether or not it's reasonable to ask to read the Living Trust paper work while she's still alive. And if the paper work doesn't cover surviving spouses do I ask her about that too? I assume it's better to deal with this now then down the road when it's to late.
Thanks for any suggestions or thoughts.
I'm the Trustee of my elderly mothers Living Trust and she's explained to me the basic content of the trust but I haven't actually asked to read the Living Trust papers themselves simply because I didn't wish her to think I'm overly interested in her worth or who was getting what, etc....
It's fairly apparent that all of us siblings are getting an equal amount of the estate so that's not my concern but the other day a sibling asked if I had read it and questioned whether his spouse would get his "share" if he passed away before my mother. To be honest I don't know what the answer is or if my mother has even thought about surviving spouse's like that. I'm also married so I guess I should also have the same concern.
I guess my question is whether or not it's reasonable to ask to read the Living Trust paper work while she's still alive. And if the paper work doesn't cover surviving spouses do I ask her about that too? I assume it's better to deal with this now then down the road when it's to late.
Thanks for any suggestions or thoughts.