Trust grantor leaving money to my daughters when I die.
I have a trust and want my daughters to split my bank acct. if I pass. the banker said I am the grantor. the acct. is sure to grow as I get a monthly F.D. Pension check. if I pass how am I a grantor and who and how will there be a delineation (dollar amount) of how much each daughter will get. Does the bank have a form or do I type up something for their records and notarize? Thank you.
Terry Says
You already have a trust? Who created that trust? An estate planning attorney, I hope. And if so, written in that revocable living trust are YOUR instructions for where ALL your money should go after you die.
BUT, the account must be titled in thename of the trust in order for those instructions to apply.
If you don’t have a revocable living trust, then you could name your daughters equal beneficiaries payable on death.
I urge you to consult the attorney who created your trust.
