Must the Refunding Bond and Release be signed and filed/recorded by the beneficiary before the funds are distributed?
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Answered on May 31, 2013
Technically the Refunding Bond and Release does not need to be signed, but it is very good practice to do so. I advise every Executor and...
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Deed Trust in Pennsylvania?
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Answered on May 24, 2013
I am unfamiliar with a North Carolina Deed Trust, but it sounds equivalent to a loan. There are a number of ways to address your concerns. A loan...
Real estate in Florida subject to NJ estate tax?
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Answered on April 12, 2013
The short answer is yes because ownership of foreign real estate can increase your overall New Jersey estate tax. New Jersey has a complicated...
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What are my initial and recurring legal duties under Florida law, as a Trustee of four newly formed, Irrevocable Trusts?
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Answered on January 15, 2013
As a trustee, you have a number of duties. To start off, you must secure and safeguard the assets of the trust. This means that you must take...
Is balance in marital trust subject to PA inheritance tax upon death of second spouse?
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Answered on January 15, 2013
Most likely yes. If the second spouse dies in Pennsylvania, under most Wills that attorneys create, a Marital trust is includible in the taxable...
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What are my right for my mom estsate she pass away and there are 10 other slibing beside myself.
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Answered on June 07, 2011
Your rights depend upon two things. First, it depends how your mother owned her property. Second, it depends whether or not your mother had a...
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My father is the Executor of the Will for my aunt who recently passed. He is also the Trustee and Legal Guardian of her daughter
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Answered on January 06, 2011
Wow, this is a major problem. Your father needs to see a Special Needs Attorney right away.
1) The money that goes to your cousin will likely...
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I'm working on a irrevocable trust whose only asset are the proceeds from the sale of a residence held in the trust.
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Answered on January 06, 2011
The Grantor set up an irrevocable trust for himself or someone else set up a trust for the 92 year old? If the 92 year old set it up for himself,...
ILIT and changing beneficiaries
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Answered on January 06, 2011
Despite what everyone else is say, there are two ways in which you can the ability to change beneficiaries:
1) You can give someone else the...
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Does a living trust holding only a little money have to be in a bank account?
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Answered on January 06, 2011
Technically the $10 does not have to be in a bank. Whomever the trustee is can simply hold it in a safe place and mark it as trust money. The...
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