Are trustees transferable after death of the trustor
my father died in Portland Oregon this past year, with his trust written in california, using a california lawyer/trustee. My kids each have money left in trust for them for college and this lawyer is difficult to contact and won't answer any questions, nor tell us how much she is charging. We would like to transfer their trusts either into a family members name or a different less expensive trustee here in portland oregon. is there a way to do this that won't cost us a lot of their college money? they have around 60,000 and 75,000 each, my daughter is in college and already has started requesting money.
hope to hear back soon:
[email protected]
Thanks so much.
Deborah.
p.s. when we email, call or write to ask her charges she will NOT respond, and only tells us she charges for every question she receives, including emails, but does not tell us how much... I politely told her if she would clearly explain how the process works, we would not have to keep bothering her... but she doesn't explain anything.
Basically we want to change trustees, ideally make our children's parents (us) legal trustees until, as the trust states, they turn 24 or use up the money for college expenses. Can this be worked out somehow?
