Find no record of will or trust

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Reference no: EM131948682

Terry Rae died several months ago. As her finanical planner, you have been going through her records ever since. She was the trustee of her late husband’s estate ($1,250,000) and had the power to provide the annual income generated from the estate to the family member most in need. In 2020, the trust assets are to be distributed equally to all living family members. For the last six years, the income from the estate has been provided to the daughter, Cynthia, who is the sole means of support for her three children. It appears her total assets are approximately $2,500,000. You can find no record of a will or trust. What do you recommend her three children do? Explain

Reference no: EM131948682

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