Don't Skimp on Notice to Beneficiaries | Wealth Management
Ensure that probate orders remain enforceable in perpetuity. A recent ruling by a California appeals court underscores the importance of giving notice to all beneficiaries in cases regarding trusts. In 1991, a court issued an order pursuant to a settlement agreement. It purported to eliminate the contingent future interest in a trust of trust beneficiary Mark Roth. Time passed. And passed. Until 25 years passed. In 2016, the contingencies occurred on which, but for the 1991 order, Mark’s interest would have vested. Mark then sued, claiming the 1991 order was void because no one gave...
Source: wealthmanagement.com
