If a party with standing rights, such as a beneficiary, believes a trust accounting report to be incorrect, whether by human error or deliberately, they have the right to object as an interested party by filing a misleading or confusing accounting objection. When a trustee completes a trust accounting, they must file all associated paperwork with the Illinois court system, including receipts, disbursements, and inventory of the trust estate. All documents must be made available and shared with the trust estate’s beneficiaries, whether they currently receive benefits or stand to receive benefits at a later date.
If a person with an interest in the estate, such as an heir, beneficiary, or creditor of the decedent, believes the authenticity of a will is questionable, they have the right to contest the will in question. A will cannot be contested simply because interested parties are unsatisfied with its terms. Verbal confirmation of a will’s terms is not considered valid grounds to contest either.
When family members of a deceased person are unable to locate a will, either because it’s unknown if a will was completed or because its location is unknown, the will is considered lost. This is an issue for heirs, beneficiaries, and creditors because only the original copy of a will can be admitted to probate in Illinois. A will must be filed within 30 days of a person’s death in Illinois. Though the grieving process is strenuous, avoid putting off searching for a will if its location is not known. On the other hand, it is a felony to purposely not file a known will in Illinois.
.png){kind=small}
.png){kind=small}
In this article, we answer questions surrounding surviving spouse’s rights in Iowa probate. In Iowa, surviving spouse’s rights ensure a spouse will receive an inheritance from their deceased spouse’s property, even if there is no will in place. In some situations, a spouse may inherit everything from an estate, but this depends on whether the deceased had children from a previous relationship.
In this article, we discuss some legal grounds for trust contests in Iowa. Undue influence is another common ground for disputing a trust in Iowa. Undue influence is defined as excessive persuasion that causes a trustor to act out of character or refrain from exercising their free will. For a trust to be valid in Iowa, it must be made by a trustor who has testamentary capacity, or is of sound mind with full comprehension of their actions. A trust can be successfully contested if the trustor’s mental state at the time the trust was drafted or signed is in question.
A trust is a legally binding arrangement between three parties where a trustor grants a trustee permission to hold assets on behalf of a beneficiary. Though there are many types of trusts, all with different purposes and benefits, they can all be contested within the Iowa court system. An heir or beneficiary may wish to contest a trust in Iowa simply because they don’t agree with its terms, but their request will be denied. In Iowa, there are four accepted grounds to challenge the validity of a trust.
In cases in which probate is required, the executor of the estate or the next of kin cannot take the actions necessary to administer the estate without the authority granted by the probate court. Probate is a complicated process that requires executors to prepare forms, meet deadlines, keep records, generate reports, submit filings to the court, and serve notices to creditors, heirs and local newspapers.
In cases in which probate is required, the executor of the estate or the next of kin cannot take the actions necessary to administer the estate without the authority granted by the probate court. Probate is a complicated process that requires executors to prepare forms, meet deadlines, keep records, generate reports, submit filings to the court, and serve notices to creditors, heirs and local newspapers.
Oops! Something went wrong while submitting the form :(
.jpg)
.jpg)
.jpg)
