Archived
What is the easiest and fastest way to establish a living revocable trust to hold an insurance policy for my soon to be wife?
Jack's answer
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Answered on March 24, 2015
Typically, life insurance policies are placed in an Irrevocable Life Insurance Trust (ILIT) to remove the face value of the policy from your estate...
Archived
What can I do to get my trust fund?
Jack's answer
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Answered on March 24, 2015
If your father misspent the trust funds then he is liable for breach of his fiduciary duty. I recommend you consult with an experienced Trusts and...
Can a successor trustee appoint someone poa to help in another state?
Jack's answer
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Answered on March 10, 2015
The answer depends upon the powers granted in the Trust document. Trust documents vary widely and should be tailored to the settlor's needs. Many...
Archived
Three individuals on checking and savings accounts. Sister AND Mother AND Other Sister. Sister passes away without a Will, etc
Jack's answer
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Answered on March 03, 2015
The answer depends upon the type of account they used. You will need to find out the account type from the financial institution. If you have...
Archived
Is a power of attorney transferable from state to state?
Jack's answer
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Answered on March 03, 2015
Yes, you can use a Power of Attorney from one state in other states. If the principal is still capable, it advisable to update the Power of...
Archived
What is the best way to work with an executor who is miles away, but who is also the trustee. Can i have any powers to help?
Jack's answer
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Answered on January 28, 2015
You do not provide enough information to answer this question. The best way for an out of state fiduciary to handle an estate is usually to hire a...
CT Co-Executor/Co-Beneficiary question: Sibling and myself Mutually Agreed to an Early Distribution on two separate occasions
Jack's answer
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Answered on January 28, 2015
You do not have to take a fee for serving as an Executor. An early distribution is done at your own risk and is subject to court approval when you...
Archived
My dad passed away with a will. My mom made my brother and I sign paper saying we saw will, although we really didn't.
Jack's answer
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Answered on January 16, 2015
There are many issues not clear from your question. I recommend you consult with an experienced Trusts and Estates attorney. If your mother or...
Archived
In ct would anindividual's ownership of a fully paid home be publicly visible in a revocable trust
Jack's answer
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Answered on January 16, 2015
If you put the house in a Trust, the record owner would be the Trustee of the Trust. Depending upon the type of Trust you use, you might be the...
Archived
What are the pros and cons of putting property that paid off Snd owned by you under trust
Jack's answer
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Answered on January 05, 2015
There are many different types of trusts for different purposes. Trusts can be revocable or irrevocable. If you place real estate in a revocable...
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