Archived
My family member who is being sued for a car accident that their son & his best friend died in. How to protect her assets?
Jay's answer
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Answered on July 15, 2018
Once a legal process, such as a lawsuit, has begun moving assets to different places in order to protect them violates debtor creditor law, and...
Archived
Can my guardian make me live with her at 18 because I have seizures?
Jay's answer
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Answered on July 15, 2018
After you have reached the age of legal majority in your state, you alone have the power to make decisions about where you will live. If your...
Can a spouse of a trustee have access to the same power as the trustee?
Jay's answer
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Answered on July 15, 2018
If your siblings spouse is personally handling the funds of the trust, and your sibling is not handling it personally, then your sibling has...
Archived
Do I get a copy of the will so will if I'm am 50% >inheritor
Jay's answer
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Answered on July 15, 2018
If you are listed as a beneficiary of a trust or will that is currently being administered, you not only have a right to a copy of the document but...
Archived
Can a person who is totally competent who is recovering in a post acute skilled care facility make a living trust and will
Jay's answer
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Answered on July 15, 2018
1. They absolutely can. A person who is legally competent can make Wills and other documents that direct disposition of assets on their death (i.e....
Archived
If I receive an inheritance from my father what will happen?
Jay's answer
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Answered on February 09, 2018
If you receive it outright, and you are collecting needs tested benefits, you may become ineligible for those benefits based on the amount...
Why is it better to have an irrevocable trust own 95% of a LLC rather than 100%?
Jay's answer
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Answered on February 09, 2018
If a single entity or person owns all of a company, it is taxes at its fair market value.
If multiple entities or persons own interests in an...
My mom and uncle want to add my name to a deed of a home they purchased years ago. Which deed do we fill out?
Jay's answer
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Answered on February 09, 2018
You will want to be careful about a transfer because of:
1) the potential for the mortgage holder to accelerate the loan due to a transfer;
2)...
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