Archived
In setting up a revocable trust, is there a trust that can be set up for a son only who is married to a very unlikable person?
Zvi's answer
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Answered on March 16, 2015
Who is so unlikeable here? Perhaps this is some rare case where only the wife is being unreasonable, but if life experience and sitcoms have taught...
Archived
Is it legal in louisiana to have a trust without a maturity date
Zvi's answer
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Answered on March 16, 2015
The drug screening should only be in play if it is under the terms of the trust. You need a copy of the trust and if you have an attorney, then you...
Archived
In a family trust with two trustee's can the beneficiaries remove one of the trustee's?
Zvi's answer
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Answered on March 16, 2015
Trustees can be removed if they are not doing their job, but few trusts should require geographic proximity for proper administration, unless there...
Archived
What is the tax implications on a living trust if the money is used?
Zvi's answer
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Answered on March 16, 2015
You should probably consult a probate attorney to neatly wrap this all up. I would seek to pay things directly from the trust where I could,...
Archived
Who would I talk to about a trust fund where the adviser lost 75% of the trust in six months
Zvi's answer
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Answered on March 16, 2015
What do you mean by the adviser? Are you a trustee of this trust? Did some financial adviser made decisions on your behalf that were not proper?...
Archived
If you have a trust & need to sue to receive the balance can the attorney take his fee out of the trust.
Zvi's answer
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Answered on March 16, 2015
This depends upon the trust and its rules. A trustee could conceivably spend all of the money on counsel for their defense when you seek for their...
Archived
Does the money taken out of a simple irrevocable trust, to take care of my elderly Mother, just become the loss of the trust?
Zvi's answer
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Answered on March 16, 2015
The trust should have its own tax ID for paying taxes on income it receives, or capital gains it has. Payments made to beneficiaries are not...
Archived
What is a "land trust"?
Zvi's answer
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Answered on March 16, 2015
I do not believe a land trust is what you want, and also that a revocable trust might not sufficiently shield your ownership for the purposes of...
Archived
Can you be my lawyer.
Zvi's answer
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Answered on March 16, 2015
The short answer is a yes, with an if.
The long answer is a no, with a but.
Archived
Revocable vs. Irrevocable Trusts in NY State
Zvi's answer
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Answered on March 16, 2015
My advice for the both of you to go speak to actual counsel and not try to fix this yourself with some clever hide the money plan, because it...
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