In my Will, can I name the same person to be both the executor AND a beneficiary, even the beneficiary to ALL my assets?
Joseph's answer
|
Answered on April 24, 2013
Attorneys Perry and Daymude are correct. As noted by Attorney Daymude, your best bet is to create a Revocable Trust, fund said trust with all of...
Can a POA distribute money while the agent is still alive?
Joseph's answer
|
Answered on April 23, 2013
Attorney Pippen is correct. Normally, gifting to third parties under a Power of Attorney ("POA") is strictly forbidden, as the POA is supposed to...
Archived
What happens when the primary beneficary dies 3 weeks after the insured but never got the proceeds from life policy?
Joseph's answer
|
Answered on April 23, 2013
Attorney Shultz is correct. This is simply a matter of the provisions of the life insurance contract. If there is a long survivorship provision...
Archived
There are three sons wondering if they have the right to see their father's will. Completely left out in the cold.
Joseph's answer
|
Answered on April 23, 2013
Attorneys Pippen and Smolinski are correct. The three sons should retain counsel in the state where their father resided at the time of his death....
Archived
How do I obtain a copy of my fathers revocable living trust?
Joseph's answer
|
Answered on April 23, 2013
I am sorry for your loss. Assuming you are either a Trustee or a beneficiary of the Revocable Trust, you would be entitled to see a copy of the...
Archived
I am named as the executor on a will where there are no assets. I live in another state. Where do I start?
Joseph's answer
|
Answered on April 23, 2013
Unless you feel you have a moral obligation to the deceased person to clean up his or her estate, your best bet may be to simply walk away. That...
Can I cash a check written to my diseased mother - I was power of attorney. she died 6 yrs ago
Joseph's answer
|
Answered on April 23, 2013
Attorney Schemmel is correct. The power of attorney passed away with your mother and is no longer valid. If your matter were in Connecticut, we...
Archived
Can I challenge a pod even it's not in the will ?
Joseph's answer
|
Answered on April 23, 2013
Attorneys Kubikian and Smolinski are correct. A "Payable on Death" ("POD") account typically names an individual beneficiary and, thus, does not...
Archived
Opening a Revocable Trust account with a broker (eg) Fidelity, First Allied Securities
Joseph's answer
|
Answered on April 23, 2013
If the Grantor is deceased, the trust becomes an irrevocable trust and must have its own Taxpayer Identification Number ("TIN"). The Trustee will...
Archived
My father has passed ,can I inherit what was left to him,if he was not taken out of the will I am his only child?
Joseph's answer
|
Answered on April 23, 2013
Attorney Herman-Giddens is correct. It is vitally important that you retain an attorney in the jurisdiction where your aunt resided to review the...