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In the state of PA, is it sufficient to have a Will or do you need a Living Trust when you own a house?
Steven's answer
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Answered on October 18, 2015
It really depends on your goals and the amount and types of assets you have. I would say that I often use living trusts in estate planning, but it...
Archived
How can I help my mother create her will & testiment and a quick claim deed in hospital? Can someone help?
Steven's answer
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Answered on October 18, 2015
Firstly, you should not do more than assist her in getting an attorney to help her. It is usually best for children to stay out of it (especially...
How do I include my inheritance in my will?
Steven's answer
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Answered on October 18, 2015
In general your estate plan can be drafted as to deal with all assets (including future assets) by simply having a residuary clause in the...
POD or joint account with right of survivorship?
Steven's answer
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Answered on October 16, 2015
Mr. Shields explains it perfectly. POD only takes effect at death and not before. Joint tenants with right of survivorship means you both have...
Archived
How much time (daily, weekly, or monthly basis) should I plan on spending if I agree to serve as a trustee?
Steven's answer
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Answered on October 16, 2015
As was mentioned, it really depends on the complexities of the matter itself. Some issues that might impact it: is there real estate? Is it being...
Archived
Can I get legal guardian ship of my 20 year?
Steven's answer
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Answered on October 16, 2015
In order to get guardianship you have to show she is legally incapacitated/incompetent since she is an adult. Simply having a dissident child is...
Archived
Should I use money left me from a POD account to set up an estate checking account to pay the debts of an estate?
Steven's answer
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Answered on October 16, 2015
If the account is POD to you, it is not part of the estate, which means you are not obligated to use those funds to pay estate expenses (the money...
Should I file joint taxes with my spouse if we signed a prenup that keeps our finances separate?
Steven's answer
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Answered on October 16, 2015
The existence of a prenup and separate assets really doesn't effect your choice - most people have lower taxes if they file married, joint although...
Archived
My dad passed away and left his house to his 4 children and his 2nd wife in the will. Does the widow clause
trump the will?
Steven's answer
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Answered on October 16, 2015
From your description it is not clear if the language you are referring to is in the deed or the will (as in is there a life estate deed or some...
Archived
Deceased father's wife refuses to probate will of which I am a part of. What are my options?
Steven's answer
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Answered on October 16, 2015
If he was a Tennessee resident it sounds like the action would be brought in TN. I would contact an TN probate attorney to see if an action can be...