Posted by William Bronchick on February 06, 2002 at 22:23:42:
It depends on how your land trust is written. Typically, a beneficiary’s interest vests in the personal representative of his estate.
Beneficiary and Land Trust - Posted by mike
Posted by mike on February 06, 2002 at 10:38:54:
I have the following beneficiary breakdown on my land trust:
mom 47%
dad 47%
brother 2%
brother2 2%
me 2%
If someone dies, how does this affect the beneficial interests? Do we modify it to whatever percentages we want?
(I’m the trustee)