Archived
I have been on my grandmothers bank account over 20 years she has passed away after winning are her kids entitled
Steven's answer
|
Answered on August 28, 2013
As a general rule, joint w/survivorship and payable on death (POD) accounts are non-probate accounts and become the property of the surviving joint...
Archived
What, exactly does the term "discretionary principal beneficiaries" mean in regards to trusts and/or wills?
Steven's answer
|
Answered on August 28, 2013
Discretion means the trustee has options - but usually the language of the trust dictates the purpose of the trust or what factors are to be...
Archived
2 years ago I assigned my brother as the administrator of my moms estate, As of today Nothing has been done. What can I do?
Steven's answer
|
Answered on August 28, 2013
Obviously, you should investigate fully. Then you should prod him along, perhaps with the help of your own attorney. If things don't resolve, you...
Archived
Are creditors still able to go after my mom's Revocable Trust if she resigned as the Trustee and gave all control to me?
Steven's answer
|
Answered on August 28, 2013
Revocable trusts are not creditor avoidance or asset protection vehicles. Chances are the creditors will still have claims as if it were in her name.
Archived
I have been appointed executor and trustee of a friends estate. I would like to know if I should be paid?
Steven's answer
|
Answered on August 27, 2013
The will/trust may speak to issues of compensation, but executors/trustees are generally entitled to compensation for their services - trustees are...
Archived
Family member took money from bank accounts after relatives death
Steven's answer
|
Answered on August 27, 2013
You really are not going to be able to determine that with any certainty without some more investigation. I would suggest that someone apply to be...
Selected as the best answer
Archived
Mother is incapacitated (dementia). once notified, how long does executor have to assume or renege on responsibilities?
Steven's answer
|
Answered on August 27, 2013
Ms. Symons offers a good and comprehensive answer regarding the difference between a successor trustee and executor. If a decision is not made in...
Archived
How does SC handle the property of people who have been receiving public assistance when they die ?
Steven's answer
|
Answered on August 27, 2013
Generally speaking all states have a statute that dictates the priority of creditors. In most situations funeral expenses are of the highest...
Archived
Can a hospital lay claim on a payable on death account?
Steven's answer
|
Answered on August 27, 2013
Take the advice of these fine OH attorneys.
In my moms livtrust and will she or someone has misspelled my sisters last name. Is this a problem? She is also a bene to the tr
Steven's answer
|
Answered on August 27, 2013
Probably not a big deal - this is called a scrivner's error. The goal in most of these documents is to reasonably identify the person that the...