What are the options for distributing trust assets after the death of a beneficiary?
When a beneficiary of a trust passes away after trust assets have already been distributed, the remaining trust assets must be distributed according to the intentions of the deceased. In Washington, the options for distributing trust assets after the death of a beneficiary are as follows: If the deceased beneficiary has left a will, their assets must be distributed according to the wishes outlined in that document. The executor of the will is responsible for ensuring that the estate pays out any debts or liabilities the beneficiary has outstanding before distributing the remaining assets. If the deceased beneficiary does not have a will, then the assets must be distributed according to the laws of intestate succession. This means that the assets will be divided among the beneficiary’s descendants, spouses, and parents in specified proportions. If there are no living relatives, then the assets will pass to the state. If there are multiple beneficiaries to the trust, then the assets must be divided among the beneficiaries in accordance with the terms of the trust. This means that each beneficiary will receive a certain portion of the assets, as determined by the trust document. Finally, if the deceased beneficiary left no will and had no living relatives, then the trust assets will be distributed according to the terms of the trust document. This document should specify how assets should be divided among the remaining beneficiaries, who will receive the assets, and how assets will be used to benefit the beneficiaries.
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