I'm not a California lawyer, so this answer will be somewhat based on the law of my state [CT]. In Connecticut a person in possession of a will...

Trustee

You didn't say whether the trustee is in CT or NY or what law governs the trust's administration, just that the trust has assets in NY. The extent...

If i use IRA mony to buy a house .how is it taxed?

Distributions from an IRA are taxed as ordinary income when received. In addition, if you are younger than 59, there may be a penalty for early...

Estate planning for a family farm

There are two issues which you might want to discuss with a lawyer. First, you might want to consider creating a partnership or and LLC to own the...

Enter your question here. e.g., Do I need a real estate attorney?what happens when an aunt dies and no will

Who is entitled to share in your aunt's estate is governed by the Connecticut statutes if she did not have a will. If she had no surviving spouse,...

Can I contest a will that was left to an adopted step granddaughter as sole beneficiary (not legally a true relative)?

Atty. Reed is correct. Your uncle was free to leave his assets to anyone, as long as he was mentally competent and not under anyone's "undue...

There are two distinct types of trustee's duties. "Discretionary" duties include investment selection, distributions and signing checks. ...

If there is an irrevocable trust with, obviously its own trust instrument, can another person add funds to that trust

Most irrevocable trusts are also unamendable. The trust agreement may permit people other than the grantor to add assets, sometimes only with the...

Is Trust information required on checks?

I presume that you're writing about a REVOCABLE trust. What you're referring to is a matter of the bank's policy. It's not a matter of law. I've...

Under Connecticut law, if a person dies without a will and has children by a prior marriage, the children inherit 50% of the probate estate [solely...

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