if I create a revocable trust in New York where I am the grantor and trustee and want to place my residence into the trust, do I have the change the title of the house to the trust.
Yes, in order to "place your residence into the trust," you need to sign a new deed changing ownership of the house from yourself individually to yourself as trustee of your trust.See question
My parents arrived a month ago. Father is 65 and mother is 55.
In order to get Medicare, the person needs to have paid into the system while working. If your parents didn't work in this country, you should contact the Medicaid agency in your state to see if they are eligible for health benefits.See question
My uncle died and left everything to his 83 year old brother. I have 4 siblings. Brother #1 then removed uncle from uncles home and uncle was forced to live at brothers house full time with no visitors/telephone calls allowed. About 2 months later...
You need to consult with an attorney who specializes in trusts and trust administration. The issues are too many and too complex to find a proper answer on this site.See question
My son was empowered over my estate via an irrevocable trust. There were promises made & an understanding that assets would be managed in accordance w/my wishes. However since getting empowered, a disturbing pattern of megalomania has emerged. Bul...
The trust, at least my irrevocable trusts, should give you the power to change trustees. Also, check if the trust has Trust Protector language in it. If so, you may have the authority to remove him. Go to a lawyer who focuses in estate planning only. Good Luck.See question
I am 60 my wife 57 we need a will drawn up. We were thinking of using Leagal Zoom. Have two children 27 an 30. Have three properties.
Do you want to avoid or eliminate the state's death tax (up to 16%), so your two children inherit more and you pay less in taxes? Do you want to explore protecting your assets from nursing home spend down if you or your wife requires long term care some day? Do you want to minimize your legal risk with your rental properties (in case somebody falls or gets injured on one of your properties)? If so, a simply Will is not for you. Locate an experience estate planner who does nothing other than estate planning and asset protection. Even considering Legal Zoom or a simply Will (compared with Trusts) is being penny wise but pound foolish. Good luck.See question
Had an attorney but she said it was too small for her and after she told me to change my beneficiary to my estate she never got back to me and I have e-mailed her but no results.
You should look for an appropriate special needs planning attorney at the Academy of Special Needs Planners' website at: http://specialneedsanswers.com/. Good luck.See question
Son struggling in class. Could not drop or change class during and after.Parent notified after decision. no written letter stating the issue and recommendations. Want assistance appealing tuition in writing whether its the remainder or possib...
I think you will be better served consulting an attorney in person as it would be impossible for an attorney to give you assistance in the manner you are requesting. Good luck.See question
Only assets is a home that we would like to keep when the love one passes.
See an asset protection attorney who does Medicaid crisis planning. Do so without delay.See question
They do not have a mortgage. They do not have a will, or a living trust. What needs to be set up to protect each of them if something happens to the other party? (Nursing home, etc.) What needs to be set up to be sure the home is passed on to t...
Your parents should set up an irrevocable trust; also known by some as a Medicaid Asset Protection Trust. You should consult with a lawyer who specializes in elder trust law.See question
There is a piece of property (owned by my grandmother) currently in an irrevocable trust. In the eventuality, when my grandmother passes, the trust has three beneficiaries- my dad and his two brothers. My dad has the intent to "give" me his portio...
Your question is much clearer, thank you. The trust would have to be reviewed by an attorney to be sure, but you might look to see if there is any language giving your father a "power of appointment." If so, your father may be able to "give" you his share...probably in writing in his Will...but again it depends on how the trust language reads.See question