As a investor I have never purchased a house in a trust. I have a landlord who wants to sell me four houses that are in a trust. Can this be done.
Can a house in a trust be sold? Of course. But the terms of the trust control when and how it can be done. You may need an attorney to assist you with the transaction.See question
I know there is an IRS tax form that the parent can fill out to report such a thing. But it is not real clear if I would have to pay taxes on the money. Also at the state level what would happen? this would be coming for another state.
Based on your description this would simply be a gift from your parent. The recipient of a gift does not pay income tax on the gift. Any gift tax implications would be on the giver at the federal or state level. It is possible that the gift also could be taxed for inheritance tax purposes in the giver's (donor) estate if it is close in time to their death. The bottom line is that as the person receiving it you don't have to worry but the donor could have some things to do.See question
My brother and I haven't spoken in over 3 years. He told me the state would get everything. Do I have to answer this letter?
You don't really mention what the letter says...it is up to you if you want to answer the letter. Without knowing more no one here can really give you advice. You might want ot have a lawyer review it - many will give a free consult.See question
Estate already opened as intestate by the daughter, who was appointed administrator. I am a party of interest in the valid holographic will written by decedent which I know she has a copy of. He specifically wrote a line addressed to her (her nam...
You are correct that if someone is in possession of a will (holographic or otherwise) they must produce it to the Register of Wills. Doing this yourself is a big mistake, because if you mess up you probably won't have a chance at any "do overs" - rethink your strategy.See question
Woman diagnosed with dementia insisted on removing her trustee from the trust and her will. She someone managed to get her trustee taken out but for some reason her attorney kept this same person as the prime beneficiary on the will. Possible r...
This is not the type of question that can be answered here - you would have to ask the people actually involved who know the facts. If you believe that a will or trust does not reflect the maker's wishes or is a product of someone without mental capacity or the product of undue influence (coercion) you should hire an attorney to review this situation (if you have standing to do so).See question
I have settle all debt for my mom's estate, I believe I need to settle the estate legally in order to refinance her home in my name and close out the estate
Not sure your question...but if you do not know what to do to finish out the administration of the estate I would suggest you speak to an attorney with experience in probate and estate administration matters. This website has a great search feature.See question
He will be forever unable to speak or write, so as his only son, I am legally the one who is now in charge of his affairs.
If your father cannot adequately communicate and understand what is going on he would not have the capacity to sign a power of attorney. Being in the condition you describe him to be in it is unlikely eh would be considered competent but that is for a person with knowledge of the situation to determine (lawyer). So if he has capacity he can name you as agent. If he does not you will also need attorney assistance in obtaining guardianship (or the equivalent in your state). This is typically a more expensive and drawn out process. You would have to determine your father's prognosis to decide if obtaining guardianship is necessary. If his life expectancy is short you may not want to go through that - I recently had to start an emergency guardianship for a person who died 24 hours after obtaining emergency guardianship. We did not really have a choice but it certainly would have saved the family money not to have done it.See question
A Will has not yet entered probate after 9 years from the death, but in the meantime one of the beneficiaries died (son) before the Will of his Mother had ever entered probate. The beneficiary that died had no spouse or children, and left everyth...
If the beneficiary survived the decedent, but died later, the inheritance the deceased beneficiary is entitled to would go through the deceased beneficiary's estate, and as you describe follow their will. You say they never opened probate for the deceased bene before because it was not necessary - it may be needed now so consult with a probate attorney to determine what the best path is. I am not a CA attorney but I know that CA has a small estate procedure so you have to determine if that is applicable here.See question
He was the executor of the will but was told he could not be the executor of the trust.
If a person who is not considered a "US Person" (citizen, or permanent resident) the trust could be considered a foreign trust. Because this has some serious downsides it is to be avoided if possible.See question
is small, can a beneficiary file a complaint for breach of contract in Small Claims Court?
I believe you may the poster who asked another similar question - this would not be a "small claims" matter (in NJ it is special civil part). It would be a trust matter so Chancery Court, Probate partSee question