My sister is trustee on my mother's she thought she could give me house because I was the oldest of my siblings is that true ?
Margaret's answer
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Answered on December 23, 2017
Distributions from the trust are governed by the terms of the trust. The Trustee should consult an attorney to determine if she is following its...
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Can a Will be written to say that a home is left to remaining siblings but if they die their share goes back to the others?
Margaret's answer
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Answered on December 23, 2017
Your husband would need to place the home into a trust. You can't retrieve an asset after you have given it away, so the home has to be kept from...
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Trusts and asset protection
Margaret's answer
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Answered on December 18, 2017
If a Trustee is required to pay over assets when a beneficiary requests, then there is no asset protection. Those assets are the beneficiary's. ...
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How does a living trust work?
Margaret's answer
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Answered on December 11, 2017
Florida is an income cap state for Medicaid. It sounds like your mother has too much income to qualify for Medicaid. In which case, a trust must...
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What should I do with a municipal bond that is part of an estate and cannot be redeemed?
Margaret's answer
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Answered on December 01, 2017
The bond is an asset of the estate. Assets should be transfer to the beneficiaries in accordance to the terms of the Will. No one can answer what...
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How can I take care of my unmarried brother's financial obligations now that he is in a coma and has no Power of Attorney?
Margaret's answer
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Answered on November 29, 2017
You will need to apply for a guardianship in order to gain control over his bank accounts and any real estate. You do not need a guardianship to...
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How do I get my dads name off of my mother’s estate?
Margaret's answer
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Answered on November 27, 2017
I am sorry for your loss. Unfortunately, your father will become the sole owner of the property if he owns the property jointly with your mother. ...
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Can we take action to immediately change locks and take possession of property and all remaining content?
Margaret's answer
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Answered on November 27, 2017
Your sister's portion of the house will pass according to the terms of her will or under the laws of intestacy if she didn't have a will. Unless...
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Can I evict a renter from my sisters house if I have a simple real estate contract with sister but mortgage is in her name?
Margaret's answer
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Answered on November 23, 2017
The renters are correct that you do not own the property. Your sister must sign over the ownership of the house by executing a deed and you must...
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I am heir to a portion of my grandpas estate and home with sister, brother, aunt ,uncle can't sell brother has liens
Margaret's answer
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Answered on November 23, 2017
Use a lawyer to close the sale of the house. The attorney can obtain a release of lien from the IRS so that the sale of the home can proceed. The...
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