How does a benificiary in an irrevocable trust get the money out and is there a limit to the amount they can withdraw?

Banks are notoriously conservative in distributions concerning trusts, especially in the "gray" areas where the language is vague or open, ie.,...

Are trusts exempt from bankruptcy?

The real question here is if the trust is set up for her benefit, why isn't the trustee helping her with these needed expenses. The facts here do...

Trusts are generally conduits in that they pass through to beneficiaries any income they distrubute to them. Any income not distributed is taxed...

My dad died testate. I have a stepmother. If the will gives her everything is there nothing I can do?

Your father failed to protect your interests. He could have done many things to protect you such as settting up a trust for his wife with the...

How to prove a will

The so-called self proving attestation clause allows for the will to be admitted to probate without any witnesses having to appear at the Register...

What about my children who receive the a gift of money from me?

Gifts are not taxable income to the recipient. Note, that only the income on such gift as it is earned is taxable. Hope this helps. LEGAL...

He can do whatever he wants to do, but from what you state this estate administration is being handled correctly. By the way, I wonder whether...

If my wife passed away do i have to pay her medical bills in her name. She had her own Insurance

Her estate assets (probate assets) is responsible for her debts, unless you have co-signed personally for any of her debts or other obligations. ...

Can I give a tax exempt gift to a minor child?

You can give your daughter and her husband each $13,000. However, if you give the $13,000 to yur grandson, there can not be an understanding that...

Probate Court

Your mother's estate has to report her bequest from your father's estate in her taxable estate. This is a receivable of her estate. As far as the...