AlwaysShocked
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How and when the proceeds of a trust are disbursed is all set up in advance, at the time the trust is created. Provisions within the terms of the trust are made according to the desires of the person establishing it, within the laws of the state where it is established. In addition, trustees are named, whose job it is to see to it that the provisions of the trust are carried out.
So whatever Whitey Huston set up is what will take place. Any monies already disbursed to the daughter are now hers to do with as she sees fit. Hopefully she had some decent legal advice at the time she received the $2million payout. Decent legal advice would see to it that she had a will, no matter what her age.
The trust very likely has provisions in it as to what happens to the remaining principal should the sole beneficiary (BK) die. It would have been written that someone else then benefits from the trust. It could be other family members or it could be a local animal shelter, for all we know.
A trust is indeed a means for a person to control what happens to their wealth from beyond the grave. A will can only do that to a certain extent.
Back in the really old days one could legally write a will that said "My wife gets everything unless she gets remarried, and if she does, then everything at that time goes to my kids" or "My wife gets everything, and when she dies the remainder gets divided among my kids as follows...." Then the laws changed and that can no longer be done via a will. And trusts then became the way to go.
Ummm... I do not think "brain dead" = legally dead. There has to be a pronouncement of death. Some people are taken off ventilators and live for some time afterwards. Not usually for very long. But sometimes minutes or even hours.
Very sad situation. If there was trauma to her body, the doctors already know it. And they already know what her blood level of alcohol was and if there were drugs present.
So whatever Whitey Huston set up is what will take place. Any monies already disbursed to the daughter are now hers to do with as she sees fit. Hopefully she had some decent legal advice at the time she received the $2million payout. Decent legal advice would see to it that she had a will, no matter what her age.
The trust very likely has provisions in it as to what happens to the remaining principal should the sole beneficiary (BK) die. It would have been written that someone else then benefits from the trust. It could be other family members or it could be a local animal shelter, for all we know.
A trust is indeed a means for a person to control what happens to their wealth from beyond the grave. A will can only do that to a certain extent.
Back in the really old days one could legally write a will that said "My wife gets everything unless she gets remarried, and if she does, then everything at that time goes to my kids" or "My wife gets everything, and when she dies the remainder gets divided among my kids as follows...." Then the laws changed and that can no longer be done via a will. And trusts then became the way to go.
Ummm... I do not think "brain dead" = legally dead. There has to be a pronouncement of death. Some people are taken off ventilators and live for some time afterwards. Not usually for very long. But sometimes minutes or even hours.
Very sad situation. If there was trauma to her body, the doctors already know it. And they already know what her blood level of alcohol was and if there were drugs present.