I am a co-trustee with a bank on my mother's trust. She recently died so now we (the bank and I) are successor co-trustees.
Lawrence's answer
|
Answered on October 04, 2012
Co-trustees have equal authority and liability unless the trust instrument says otherwise. In many cases trust instruments give greater authority...
Archived
Can a executor of an estate charge one beneficiary the costs of recovery of an asset (non-working car) left in my driveway?
Lawrence's answer
|
Answered on October 04, 2012
The executor is entitled to the car if it is part of the probate estate but isn't entitled to the car if it was given by the decedent while living....
Archived
According to Medicaid, what are countable assets in Wisconsin?
Lawrence's answer
|
Answered on October 04, 2012
Countable resources are everything that can be liquidated to cash fairly quickly and accessed to fund food or shelter except as exempted by statute...
Archived
What is a grantor trust? My friend had an attorney set one up for him, but I did not understand. Info apprec.
Lawrence's answer
|
Answered on October 03, 2012
Grantor trust is a tax term meaning a trust, which under Internal Revenue Code sections 671 to 678 is treated for tax purposes as if income and...
Archived
I just moved to new york and i am currently 7 months pregnant can medicaid make your boyfriend pay for the medicals bills ????
Lawrence's answer
|
Answered on October 03, 2012
A child's parents have obligations to support the child and provide for medical care, but the extent of the obligation is based on income and...
Archived
Can countable assets be converted to exempt ones?
Lawrence's answer
|
Answered on October 02, 2012
Yes, countable resources can be converted to exempt resources. For instance buying or improving a princiapl residence for a community spouse...
Archived
If you are made POA, and at some point co-owner on checking account. At death, who's acct is it?
Lawrence's answer
|
Answered on October 02, 2012
Depends on circumstances. A joint back account usually provides that it goes to the surviving joint owner when one joint owner dies, but if is...
Archived
Can a 71 year old blind man with many other health issues get a full time caregiver paid by the government?
Lawrence's answer
|
Answered on October 02, 2012
Theoretically, government programs like Medicaid can cover full time care but availability varies by state and circumstance. Typically, full time...
Archived
I have durable power of attorney for my mother and live with her.
Lawrence's answer
|
Answered on October 02, 2012
If your mother has capacity to make decisions about her location (a very low standard) her wishes should be honored unless they would be unsafe or...
Archived
My mother is 80 years old and owns her home. She has willed her home to me and my brother. What do we need to do?
Lawrence's answer
|
Answered on October 02, 2012
First off, I'd recommend that you stop making gifts to your mom and instead make loans. That way you will have a claim against your mom's estate...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained