This sample form is a Fiduciary Acceptance - Executor/Administrator document for use in the administration of a decendent's estate in Ohio. Adapt to fit your circumstances. Available in Word, Wordperfect, Rich Text and ASCII formats.
Ohio Fiduciary Acceptance - Executor - Administrator
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FAQ
The successor trustee does not have to live in the same state as you do.But for transfers of property such as securities and bank accounts, it usually won't make much difference where the successor trustee lives.
A backdoor way to modifying an irrevocable trust might be through a change in the situs of the trust's administration. Some trust instruments permit the trustee to move the situs of the trust to another jurisdiction and then adopt the laws of that new jurisdiction for purposes of trust administration.
No. Trust does not need to be filed in California. Trusts are private documents and usually there are compelling reasons not to file the trust.
If your will and revocable trusts were properly executed in accordance with the laws of one state, they are usually valid in other states.Your heirs might need to rely on the laws of another state to establish the validity of your will and trusts, and opinions from attorneys in two separate states may be required.
Out-of-State Trustees The successor trustee does not have to live in the same state as you do.But for transfers of property such as securities and bank accounts, it usually won't make much difference where the successor trustee lives.
Situs is the state that the trust originated and whose laws will govern the trust.In general, for tax purposes, trust situs is determined by the combined jurisdictions that have the legal authority to tax a trust or trustees.
A revocable living trust isn't subject to the same kind of rules as a will; it should be valid in any state, no matter where you signed it.If you acquire real estate in your new state, you'll probably want to hold it in the trust, so that it doesn't have to go through probate at your death.
A revocable living trust isn't subject to the same kind of rules as a will; it should be valid in any state, no matter where you signed it.If you acquire real estate in your new state, you'll probably want to hold it in the trust, so that it doesn't have to go through probate at your death.
If your will and revocable trusts were properly executed in accordance with the laws of one state, they are usually valid in other states.Your heirs might need to rely on the laws of another state to establish the validity of your will and trusts, and opinions from attorneys in two separate states may be required.