That's why I said you may be confused

回答: 回複:Actually I totally disagreeapt2012-09-25 11:14:10

A revocable trust is always part of the estate for estate tax purpose, even though it is not part of the estate for probate purpose. An irrevocable trust can even be part of the estate for estate tax purpose, if it is deemed to be a grantor trust. That's why I've been saying it all along that without actually seeing the trust document, there is no way you can tell it is irrevocable or not.

Why it is so important to determine whether the trust is part of the estate? That's because if the trust is not part of the deceased's estate, it is not subject to any claim against the estate. Of course, the court can step in in some cases. However, it depends on the circumstances, including but not limited to the factors that I listed in my previous post.

Here you mentioned that there is actually no trust document. That's something not disclosed here before. If that's indeed the case, it is actually a testamentary trust instead of a living trust. In that case, no question it is part of the estate and will be subject to any claim against the estate, including child support claim.

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回複:That's why I said you may be confused -apt- 給 apt 發送悄悄話 apt 的博客首頁 (1717 bytes) () 09/25/2012 postreply 14:06:39

Okay, I see your point -CyberCat- 給 CyberCat 發送悄悄話 (1441 bytes) () 09/25/2012 postreply 14:35:59

回複:Okay, I see your point -apt- 給 apt 發送悄悄話 apt 的博客首頁 (1187 bytes) () 09/25/2012 postreply 16:06:06

Then your definition only applies to probate -CyberCat- 給 CyberCat 發送悄悄話 (1207 bytes) () 09/26/2012 postreply 07:28:19

One more thing -CyberCat- 給 CyberCat 發送悄悄話 (548 bytes) () 09/25/2012 postreply 14:49:10

回複:One more thing -apt- 給 apt 發送悄悄話 apt 的博客首頁 (136 bytes) () 09/25/2012 postreply 16:09:15

One more thing -apt- 給 apt 發送悄悄話 apt 的博客首頁 (621 bytes) () 09/25/2012 postreply 14:19:55

Okay, that's a very bad standard -CyberCat- 給 CyberCat 發送悄悄話 (221 bytes) () 09/25/2012 postreply 14:23:50

回複:Okay, that's a very bad standard -apt- 給 apt 發送悄悄話 apt 的博客首頁 (286 bytes) () 09/25/2012 postreply 16:12:46

This is not the law -CyberCat- 給 CyberCat 發送悄悄話 (360 bytes) () 09/26/2012 postreply 07:34:53

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