Archived
What's the best way to will an amount of cash, to be paid to a convict ($500 per month) after my death and his release?
Steven's answer
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Answered on January 04, 2013
To provide for this situation you need to have a trust crafted to cover many different contingencies. What if he does not get out or if he...
Archived
Will we be able to set aside our mother's estate and avoid probate?
Steven's answer
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Answered on January 04, 2013
The bank accounts are probate assets so you cannot avoid probate. The homes pass outside of probate, but by titling them in joint names you will...
Archived
Will says executor receives 30K for acting as personal representative for their own use absolutely. Who pays their lawyer?
Steven's answer
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Answered on January 04, 2013
These are estate administration that must be paid by the estate. The executor fee is not diminished by these costs. However, the total fees must...
Archived
What can I do next, now that the house has been put in all of our names?
Steven's answer
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Answered on January 04, 2013
This is an unworkable arrangement. You need to get with an estates attorney immediately as your sister may have breached here breached her duties...
I want to retitle my Chicago condo to put in my living trust. How do I handle it? Will it affect my 10 yr resident deduction?
Steven's answer
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Answered on January 03, 2013
Both attorneys offer sound advice. Get an expert in estate planning to have the living trust drafted correctly and in a way that it meets your...
Archived
What is the difference between a trustee and a power of attorney?
Steven's answer
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Answered on January 03, 2013
You and your friend are confused. A POA lapses at death. An executor administers estates and trustee a trust. Not sure if there is a trust here...
Archived
I am the beneficiary of a trust owning 231 acres of farmland. The sharecropping contract is not binding beyond my mom's death.
Steven's answer
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Answered on January 03, 2013
This is all a matter of prudence and best judgement. The Executor must protect, preserve the assets of the estate and maximize income without...
Archived
What happens when someone plots to kill their own family member for money?
Steven's answer
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Answered on January 03, 2013
Both attorneys offer sound advice. Most states like PA have something called a Slayer's Act which prevents such persons from benefiting from their...
Archived
How do yesterdays estate tax law changes effect someone with less than 5 million $...no longer need estate planning???
Steven's answer
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Answered on January 02, 2013
Just because you may no longer be subject to federal estate taxes does not mean you need estate planning. You need to determine who gets what and...
Archived
A piece of land was given to me through a trust. The trust was the owner of the land and I was the sole trustee.
Steven's answer
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Answered on December 29, 2012
You need to ask a question here. It sound like this issue has been resolved.
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