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I am Trustee of an Irrevocable Trust in NY. I want to calculate my compensation, distribute the funds and resign/close Trust?
Bryan's answer
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Answered on August 01, 2018
With the assistance of a trusts and estates attorney, you should draft a trust accounting. As part of the process, you will compute your...
Archived
My step-father lived with me after my mother died, he has children from 2 previous marriages but they are estranged
Bryan's answer
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Answered on July 31, 2018
Contact the insurer. Send a copy of your step-father's death certificate and your mother's death certificate. Explain that the money should be paid...
I’m the beneficiary of my Uncle’s IRA’s. Can other family members sue me for a share of the IRAs?
Bryan's answer
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Answered on July 31, 2018
You inherited the IRA benefits through the beneficiary designations that your uncle filed with the plan custodian. The benefits are not part of...
Can a Living Trust contain another Living Trust. that has a different name and determine how assets are distributed
Bryan's answer
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Answered on July 31, 2018
Yes, the second trust is known as a "sub-trust." Some creators of trusts use this technique when there is some concern about the beneficiary's...
Archived
When can Trustees sell a house placed in an Irrevocable Trust?
Bryan's answer
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Answered on July 31, 2018
Did your parents reserve a life estate allowing them to indefinitely live there? I suggest showing the trust and deed to a trusts and estates...
My lawyer passed away. Will I get in trouble with the judge if I have no lawyer?
Bryan's answer
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Answered on July 31, 2018
You will not be penalized for this. Attend the hearing or have another attorney accompany you. Ask the court for an adjournment so that you have...
Archived
What rights if any do my sister and I have to my father's share in jointly owned home that is being sold?
Bryan's answer
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Answered on July 30, 2018
It sounds as if they owned the property as husband and wife (i.e., joints tenants with right of survivorship). If that is the case, then when your...
Archived
How do I assign who will take care of my baby if something happens to me giving birth?
Bryan's answer
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Answered on July 30, 2018
The simplest and most practical approach is to execute a will because in addition to naming a guardian for a minor child, you can also leave your...
Does a quit claim deed remove a person from a mortgage?
Bryan's answer
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Answered on July 30, 2018
The loan modification can take her name off the mortgage. The lender would have to agree to her name being removed. A new deed would not remove...
Archived
How do I begin the DIY process of applying for a land easement variance on a landlocked property in Wawarsing, NY?
Bryan's answer
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Answered on July 29, 2018
I think that your first strategy should be to examine the public records to determine if an easement exists. If not, I think that you should...