As 1 of 5 beneficiaries, are we all entitled to receive copy of the Trust, not just the will?
Trustees do have a duty to keep the beneficiaries informed about the administration of a trust. Depending on all the facts, when a trustee takes on the position of trustee or when a trust becomes irrevocable (which can occur to a revocable trust when the settlor dies) a trustee has to disclose the existence of the trust and their name and address to the beneficiaries. There are some "silent trusts" in which the settlor may attempt to keep the trust document hidden and instruct the trustee not to release a copy, but usually there are mechanisms (judicial and non-judicial) for getting a copy of the actual trust.See question
I owe back taxes on my home and wanted to no if i could sell it
The answer may be different based on the type of tax you owe (e.g. federal income, state income, local property taxes, etc) and what stage of collection the taxing authority is in. You should consult with a tax attorney prior to listing the house for sale to find out the procedure in your specific case.See question
Todd Elliott 101 Munroe Ave Woburn, MA 01801 tel 781 933 0223
If you provide more background or the purpose of your question it may be helpful. In addition to trusts previously being recorded with the registry of deeds for real estate matters, a trust with a contested issue may be filed with a probate court.See question
He filed a wrongful tax return for 2014 but it never reach my acct. now IRS wants it back but I never saw that money which I'll have to pay from my pocket. I have no proof he retained it or stole it, all I know is I owe that money + penalty + inte...
Given the amount at money at issue, especially with interest and penalties, you may want to consult with an attorney to explore all your options. You mentioned that you have "no proof he retained it" but attorneys are good at sifting through the facts to find the proof needed to support your case.See question
Estate planning attorney
You may want to click on the "Find a Lawyer" link and then type in "estate planning attorney" in Wilmington, MA to find a local attorney who can help you.See question
Mother created a quitclaim deed "granting" home to herself "for life" with remainder to her children. Upon her death: 1. Does IRS require a gift tax payment from children?, 2.Upon sale of home, when did the IRS clock start ticking relative to...
Transferring a remainder interest in a primary residence can have positive and negative income tax implications. In Massachusetts this can also impact MassHealth planning concerns. The attorney who guided your mother through this transaction should have already provided your mother with detailed explanations for all these questions. You should start with that attorney to answer these questions and if not then find your own attorney who can guide you through this transaction and give you a more detailed answer based on the specific facts and circumstances of this transaction.See question
It was later revealed to me by the lawyer who wrote this trust, that this "equal share" was meant to be in an FBO account, bearing the name of the Irrevocable Trust, FBO for each of the beneficiaries. the money from the IRR Trust was distributed ...
You should meet with an attorney to review this situation more closely. As a Trustee, you have fiduciary obligations to the beneficiaries that can lead to personal liability. Based on your verb tense, I'm guessing that the settlor has passed away and you are now ready to distribute funds? If so, this is a great opportunity to prepare an account for the beneficiaries to sign and to obtain general releases from the beneficiaries for all of your actions to further insulate you from any liability. And all of that (including meeting with an attorney) should take place before you distribute the funds.See question
I am serving as the family rep for a small estate in VA. The small estate form requires that all 5 elderly siblings sign the document and that it is notarized. I want to know if legally each of the siblings can provide a document for that purpose,...
If it is a Virginia form you should contact a Virginia probate attorney - or the probate court itself - to find out the local custom of obtaining multiple signatures on one document.See question
The person who owns the property just passed away.
You can start by contacting the MassHealth estate recovery unit (508-856-7653) and they will forward you to the caseworker assigned the file.See question
We are planning to hire an elder law attorney to complete the PACE application for my father. He currently is taken care of by my mother and both live at home. The program is perfect for him but they have assets (real estate) in both their names...
You should review any transfer being done as part of MassHealth application process with your attorney before making the transfer. Not only does he or she need to know about it, they need to advise you on the tax consequences of such and other impacts the transfer will have.See question