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Message 2317: notification to beneficiaries under 16061.7




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   Posted by g seigel on 08/18/05

Subject:   notification to beneficiaries under 16061.7


Message Posted

One of the settlors passes away that had set up a revocable trust with his wife. We will have a Bypass Trust and Marital Deduction Trust with the wife as the income beneficiary and trustee. Upon her death the remaining assets will pass to his relatives on his side of the family.

Do we need to notify the remainder beneficiaries, now? or just when she passes away?

Do we need to notify (legal formality) the wife even though she is the trustee of the Bypass and Marital Trust?

Thanks,

Greg



  

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