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Which has prevailing decision making authority in trusts and estates, Personal Representatives or Trustees?
Joseph's answer
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Answered on January 31, 2013
The Personal Representative has the responsibility for dealing with the Probate Court and all estate tax returns. The Trustee administers the...
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Hello , i have to defend this case ( homework ) , help me! Need advice?
Joseph's answer
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Answered on January 31, 2013
If your teacher catches you trying to get your homework answers from this site, the implications would not be good for you. Pretend you're a...
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How does a court decide what are reasonable charges taken against a trust
Joseph's answer
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Answered on January 31, 2013
Trustees' fees are typically calculated by statute in New York:
http://codes.lp.findlaw.com/nycode/SCP/23/2309
You would be wise to retain...
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My Mom recently died with no will. My sister's att. sent me paperwork to be named Administrator with no restrictions. Am I Ok?
Joseph's answer
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Answered on January 31, 2013
I would recommend that; (a) you ask to be appointed co-Administrator with your sister; or (b), if you do not get along with her, ask the Court to...
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A home was will to me and my brother, can i sell the house with the estate deed ?
Joseph's answer
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Answered on January 31, 2013
You should review the Will to determine whether, as Executor, you have power to sell the property (the odds are that you do). It would be best...
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MADE A WILL IN THE EIGHTIES AND CAN NOT FIND IT
Joseph's answer
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Answered on January 30, 2013
Given the fact that you made the Will in the 1980s, I'd strongly urge you to hire an attorney to update your estate planning (even if you find the...
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In a Will, what's the point of transferring everything to the trustee and then a spouse instead of just to the spouse?
Joseph's answer
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Answered on January 30, 2013
....reasons for this:
a) there is a Revocable Living Trust for each spouse, which will help avoid probate on assets held therein. A Will may...
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My auto was repossed in2001, the loan office went out of business, the town of Stratford ct. wants to charge me property taxs.
Joseph's answer
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Answered on January 30, 2013
Your best bet is to set up a meeting with Melinda Fonda, the Stratford Town Assessor. She can be reached at 203-385-4025. When you see her, ask...
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My grandmother left me momey from her will can my husband family come get my momey becouse he is also dead too?
Joseph's answer
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Answered on January 29, 2013
Your husband's family has no rights to the inheritance from your grandmother. With that said, I would keep this information from them so that...
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My husband and I have three homes, two rentals with no mortage. How do we protect ourselves from law suits that may take assets
Joseph's answer
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Answered on January 29, 2013
At a bare minimum, you want to consider an umbrella liability insurance policy, which would cover you in the event of a bad accident. Furthermore,...