Tag

Revocable Trust

All articles tagged with #revocable trust

Widow Sues Over Unpaid Prenup Promises in Malcolm-Jamal Warner Estate
legal1 hour ago

Widow Sues Over Unpaid Prenup Promises in Malcolm-Jamal Warner Estate

Tenisha Delilah Warner, the widow of Malcolm-Jamal Warner, has filed a lawsuit against the actor’s mother claiming she’s owed more than $1.2 million under a premarital agreement that promised a $1 million life insurance policy and other payments. The Warner Family Trust, where the mother is successor trustee, leaves most assets to the mother and does not reflect the couple’s 2017 marriage and their child, prompting the dispute. Experts say the prenup is a binding contract, but the challenge is funding any payout since the trust is revocable and may be claimed by creditors; if the trust were irrevocable, protections would be stronger. The case underscores the importance of updating estate plans after marriage and honoring prenuptial agreements, with the widow also seeking to freeze trust distributions pending resolution.

"Inheritance Surprise: My Father's Accidental Revocable Trust Leaves Everything to My Stepmom"
legalfinance2 years ago

"Inheritance Surprise: My Father's Accidental Revocable Trust Leaves Everything to My Stepmom"

A daughter is concerned after discovering that her late father's revocable trust, which was intended to include her and her siblings as beneficiaries, is being changed by her stepmother to exclude them. The daughter may need to contest the trust in court, with the burden of proof on her to show that the trust did not reflect her father's intentions and was a mistake. Obtaining a copy of the trust and seeking legal counsel to review its terms is crucial, and potential implications on capital gains and the stepmother's legal entitlement should be considered.