Where's the Money? Understanding Estate Distributions

Attorney Andrew Bethel of Bethel Law discusses the often-asked question, "Where's the money?" He delves into the intricacies of preliminary distributions in both probate and trust estates, providing valuable insights for beneficiaries and those managing estates. Topics covered include the differences between probate and trust estates, the process of obtaining court approval for preliminary distributions in probate estates, and the discretion trustees have in trust estates. Andrew also explains the benefits and considerations of HEMS clauses, which protect beneficiaries and provide creditor protection. This comprehensive guide is essential for anyone involved in estate planning and administration. Like, subscribe, and share this video with those in charge of your inheritance to help them navigate the complexities of estate and trust administration.

00:00 - Introduction
00:34 - Probate Estates vs. Trust Estates
01:24 - Preliminary Distributions – The Basics
03:45 - Required Findings and Amount of Distribution
04:21 - Who May Petition and Who May Object
05:13 - HEMS Clauses and Their Role in Distributions
07:57 - HEMS Clauses and Their Role in Distributions
09:00 - Practical Considerations and Reassurances
09:18 - Final Thoughts

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*Disclaimer*
Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.

Тэги:

#Bethel_Law #estate_planning #probate_estates #trust_estates #preliminary_distributions #estate_administration #beneficiary_inheritance #probate_court_oversight #trust_administration_benefits #estate_taxes #creditor_claims #litigation #hems_clause #trustee #executor_duties #probate #trust #trustee_responsibilities #hems #age_restrictions_in_trust #beneficiary_protection #avoiding_probate #fiduciary_duty #estate_distribution #court_petition

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