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If a Deed (filed) stating the Trustees of an Irrevocable House Trust predates the Trust, is the Trust valid?
Cheryl's answer
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Answered on October 16, 2014
Your question is a little confusing, and I'm sure it's because it is a confusing situation--with Deeds not being filed for many years and other...
Archived
Removing Child from Deed on House--is there any Transfer Tax Due?
Cheryl's answer
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Answered on October 16, 2014
I will defer to my colleagues who practice real estate law exclusively regarding the transfer tax issue.
Regarding the gift tax issue, you are...
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My father died intestate 5 years ago, I was his only heir, so I administered his estate. I informed everyone, and ran the ad
Cheryl's answer
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Answered on October 14, 2014
I am sorry for the passing of your father and grandmother. The personal representative of an estate has the duty to notify all interested persons...
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If my mother didnt have a will how can a lawyer except an insurance policy in its place
Cheryl's answer
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Answered on October 14, 2014
I am sorry for the loss of your mother. There is not a lot of detail in your question, thus, it is difficult to answer. You state that your...
Archived
Can either myself or nephew also be POA on accounts when we are Co-trustees after his death?
Cheryl's answer
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Answered on October 13, 2014
From my reading of your question, it sounds as if your grandfather has a Revocable Living Trust but that he is not the Trustee. You state that you...
How do I protect my estate if I need long term care in a nursing home?
Cheryl's answer
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Answered on October 13, 2014
This is an excellent question and one that more people should ask in advance of actually needing nursing home or other long term care. One of the...
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I received money from an inheritance What is my tax liability.
Cheryl's answer
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Answered on October 09, 2014
Generally a beneficiary of an estate does not pay taxes on an inheritance. One common exception is with retirement accounts. Retirement accounts...
Archived
We added our 45 year old daughter to title to our home 9 years ago.
We need to know if we did the right thing.
Cheryl's answer
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Answered on October 09, 2014
There are some unintended consequences of adding a child to the Deed of the parents' house.
One is that the house then becomes an asset owned by...
Quick deed states three grantees and 1 dies what happens to that 1/3 grantee portion?
Cheryl's answer
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Answered on October 08, 2014
I think your question should be under the "Estate Planning" or "Probate" category to get a complete answer.
By "Quick deed" I think you mean...
Does trustee need to distribute assets equally among beneficiaries?
Cheryl's answer
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Answered on October 08, 2014
The answer, as you probably already know, lies in the terms of the Trust document. You clearly have read the document and have stated that there...
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