Archived
What does the following statement in a will mean ? I leave to my children, ( children's names ) , or survivor(s), equally.
John's answer
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Answered on May 18, 2013
I see some ambiguity here because the survivors could refer to the children or the survivors of the deceased children. In other words the confusion...
Archived
What can I do about a relative executor who has not sent the family copies of my grandfather's Will?
John's answer
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Answered on May 18, 2013
An executor is not official until such time as the will is submitted to a probate court and this process requires all beneficiaries to be given...
Archived
I have an LLC with my IRA as its sole member. I manage and am registered agent. Other than avoiding "prohibited transactions,
John's answer
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Answered on May 18, 2013
If you read yesterdays wall street journal you will see new case that came out so you have a lot to worry about in regard to your structure and the...
Archived
My parents set up a living trust in the early 90's. My mother died first and everything went to my father. He died 3 months late
John's answer
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Answered on May 18, 2013
Is there a question here?
Archived
Is it true that a co-trustee of certain trust does not have to answer to any withdrawls from that trust.
John's answer
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Answered on May 18, 2013
Only the terms of the trust can say what is and what is valid as to the powers of the trustee over the access and use of trust assets.
Archived
Is life insurance of deceased considered as inheritance
John's answer
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Answered on May 18, 2013
My colleagues make great comments but the facts are incomplete to give a complete answer. In other words are you sure the brother was not made...
Archived
What to do when you are removed from a trust, with peculiar circumstances?
John's answer
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Answered on May 18, 2013
Not really sure what you are asking? From the vague facts it is clear you are sad about Dad being removed from the trust but I note you do not...
Archived
Does an irrevocable trust mean it can never be re-written once the party dies?
John's answer
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Answered on May 18, 2013
A couple points. An irrevocable can be changed through a court process called decanting. However, to accomplish this the beneficiaries and...
Archived
I have an irrevocable trust I'm grantor and my wife is trustee and children are beneficiaries. home transfer cash deposits
John's answer
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Answered on May 18, 2013
The short answer is you you can do what you propose---with several caveats. Not knowing enough facts tells me that what you want to accomplish is a...
Archived
I have a few rental properties. Shall I have a Personal Liability Umbrella Policy OR form an LLC for each?
John's answer
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Answered on May 18, 2013
The choices are not mutually exclusive. I regularly have every property owned by a separate LLC to ensure any claims on one Property do not taint...
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