Can a trustee remove income from an irrevocable trust and give it to the creator of the trust.

It depends on the trust - some trusts specifically allow income to be distributed to the Grantor, but nothing else.

You are very smart, so why would this happen?

I agree that if this property is owned by a trust, the trustee has an obligation to insure it for loss and liability and also to pay the property...

When I file taxes together as married filing jointly does that make you legally married in the state of texas?

It does not make you married, no, but it does mean that you committed perjury and fraud when lied on your tax return. Presumably you paid less in...

I would only add to what the other attorney said by saying that if everyone gets along and is comfortable with it, sister could gift the $14K to...

He is free to do so if it is a traditional IRA. If it is an ERISA-controlled plan such as a 401k that is a different story. You may have other...

Can I inherit my deceased mother's half of her business even though her spouse also owns the business?

The first question is did she have a will? If she had a will, the will would determine where her personal interest in the business goes. If she...

Will it be possible to pay State tax even though it is not mentioned in W-2 ?

Your W2 has your income information and your tax withholdings. The state box on your W2 would say the amount of withholdings for state taxes that...

A well-drafted will should name children and predeceased children because leaving names out can have consequences with respect to if it was an...

How do open a checking account if the Insurance Policy checks are made out to the Estate of?

I agree with Ms. McMahon you have to open the estate - unless the insurance company will reissue the check directly to you (which is highly...

Can I sue my brother's for going back on their word about equally dividing the money from my deceased parents home?

If your parents (or last parent) who owned the house died with no will then the law of intestacy would apply and the funds would be divided equally...