Received this question from my t/p's co-trustee and executor of the trust
T/p is still alive, but is suffering from Alzheimer, and in a Residentail Care Facility.
Co-trustee of the Trust which is also the Successor Trustee and the Executrix found out that one of the "siblings" (beneficiaries) that is due to inherit has a "huge" tax lien.
The question is whether or not the T/P's Trust (Mom's which she right now is still alive) is in jeopardy of any kind of assessment from IRS or State of California or IRS assessments due to one of the beneficiaries having tax liens on beneficiaries. It is a "Living Trust", then the next question is whether or not California or IRS can attach after the Trustee's death when ready to distribute to the beneficiaries and whther or not it will impact the other "beneficiaries" of the Trust.
I don't think so as it is not a "spendthrift trust", but thought I would just seek some opinions.
Thanks,
Sandy
T/p is still alive, but is suffering from Alzheimer, and in a Residentail Care Facility.
Co-trustee of the Trust which is also the Successor Trustee and the Executrix found out that one of the "siblings" (beneficiaries) that is due to inherit has a "huge" tax lien.
The question is whether or not the T/P's Trust (Mom's which she right now is still alive) is in jeopardy of any kind of assessment from IRS or State of California or IRS assessments due to one of the beneficiaries having tax liens on beneficiaries. It is a "Living Trust", then the next question is whether or not California or IRS can attach after the Trustee's death when ready to distribute to the beneficiaries and whther or not it will impact the other "beneficiaries" of the Trust.
I don't think so as it is not a "spendthrift trust", but thought I would just seek some opinions.
Thanks,
Sandy
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