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Court upholds medical trust for widow after dispute over $895,000 Missouri estate

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A joint trust worth nearly $895,000 was set up by Mary Alice and Ray Bergfeld in Missouri, meant to draw on Ray's IRA to cover Mary Alice's healthcare expenses. After Ray died unexpectedly, Mary Alice learned she had not been named the IRA's beneficiary. The court ruled that Ray had negligently misled her about the arrangement. As a result, a medical trust was established for Mary Alice's benefit, settling the dispute.

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Court upholds medical trust for widow after dispute over $895,000 Missouri estate · ShortSingh