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#1
11-16-2006, 12:37 PM
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 Re: ABC Trust On Thu, 16 Nov 2006 07:11:14 -0600, "Gil Faver" <rowdy'sboss[at]xxyz.comwrote: - quote - > > If a decedent spouse owns a home as separate property, and provides in
My understanding as well. But since this "life estate" is still held> > the trust for the surviving spouse to live in the house, reserving it > > for other beneficiaries when the survivor dies: Is the trust > > responsible for the taxes, upkeep, improvements, or is the survivor? > It has always been my understanding (sorry, no citation) that the owner of a > Life Estate was responsible for the expenses associated with that Life > Estate (i.e. he receives the benefits "net"). in the trust (that's a new one for me), I'd look at the trust wording to be sure there is no conflict. -HW "Skip" Weldon Columbia, SC |
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11-16-2006, 12:11 PM
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| Re: ABC Trust "rick wintomac" <c308682[at]gmail.com> wrote in message news:1163648973.687488.125010[at]k70g2000cwa.googlegroups.com... - quote - > If a decedent spouse owns a home as separate property, and provides in
It has always been my understanding (sorry, no citation) that the owner of a> the trust for the surviving spouse to live in the house, reserving it > for other beneficiaries when the survivor dies: Is the trust > responsible for the taxes, upkeep, improvements, or is the survivor? Life Estate was responsible for the expenses associated with that Life Estate (i.e. he receives the benefits "net"). |
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#-1
11-16-2006, 08:58 AM
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| ABC Trust If a decedent spouse owns a home as separate property, and provides in the trust for the surviving spouse to live in the house, reserving it for other beneficiaries when the survivor dies: Is the trust responsible for the taxes, upkeep, improvements, or is the survivor? Thanks |
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| abc, trust |
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