Does the creation of an "ITF" (In Trust For i.e. Totten Trust ) bank account trigger federal gift tax ?
Glenn's answer
|
Answered on August 08, 2010
Generally, an ITF designation on a bank account is not a completed gift, because the account owner can change his or her mind and the beneficiary...
Archived
How can an executor of a trust be appointed once the majority has voted the original out? majority rules? or unanomous vote?
Glenn's answer
|
Answered on August 08, 2010
It will depend on the terms of the will or trust and the law of the state with jurisdiction over the will or trust. I'm not sure which it is,...
Archived
In what states can an adult sue for injuries received when they where a minor and their parents signed a release form for them?
Glenn's answer
|
Answered on August 08, 2010
You would need to check with the particular states the minor may have lived in and see what authority the parents had under their state's law to...
Archived
Beneficiary of Life Insurance
Glenn's answer
|
Answered on August 08, 2010
To add to the previous answer, it may also depend on the wording of the beneficiary designation (were the four children named, or did it say my...
Archived
Changing "At Will" State Statues in Arizona - What can I do?
Glenn's answer
|
Answered on August 08, 2010
Most likely, it would take an act of the legislature to change the current statute or revise a controlling court decision. You might check with...
Archived
A question about Medicaid access to SNT assets
Glenn's answer
|
Answered on August 08, 2010
This is a question that depends on the state's Medicaid rules. You should contact an experienced elder law attorney in the state in question. ...
Archived
Is a hospital bill consider a mean tested public benefit?
Glenn's answer
|
Answered on August 06, 2010
Means-tested public benefits include things like supplemental security income (SSI) and Medicaid. A hospital bill would be a private debt. Good...
Archived
Brother passed away with no spouse, children or will.
Glenn's answer
|
Answered on August 05, 2010
According to Ohio's intestacy laws (see below), your father would be the sole heir unless your mother is living. You should talk with a lawyer...
Archived
Power of Attorney
Glenn's answer
|
Answered on August 05, 2010
You should consult with an elder law attorney in your area. I assume that Medicaid is paying for the nursing home. Whether any rental income must...
Does the executor have to follow the will or can he/she follow the verbal wishes of the testator
Glenn's answer
|
Answered on August 05, 2010
Generally, the executor's job is to follow the testator's wishes, as expressed in his or her will. If all of the beneficiaries agree to modify the...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained