Originally Posted by
Kelsey1224
One has to understand that inheritance tax and trust laws vary from state to state. This is not true of trusts in California. If one of the surviving trustees passes away, that portion of the trust does not automatically go to the children of the deceased party. It has to be spelled out in the trust if this is the intent. This wasn't originally stated in my in-laws trust...which they got from one of those places which produces boilerplate trust documents. We had to have the trust document amended to include this provision, as well as several others.
My hubby and I had our trust created last year. We had to spell out everything very specifically as to the transition and division of our assets after our death via the trust. It was worth every penny it cost to have it done. I call it my peace of mind document.