Does the Trustee have the authority to sell real estate from a Living Trust without the consent of the beneficiaries?
Charles's answer
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Answered on August 12, 2010
Typically the trust will grant the trustee the power to sell real estate without the consent of the beneficiaries, but as the prior comments...
My husband died. Am I responsible for his last medical bills?
Charles's answer
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Answered on August 11, 2010
Since I am a Virginia attorney and am not licensed in your state, this information is only general in nature and is not specific to your state law....
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Power of attorney over disabled?
Charles's answer
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Answered on August 11, 2010
I agree - if your father is no longer competent then you will have to go through the court system to obtain authority to act as his guardian. You...
Archived
How are rights determined for stepchildren
Charles's answer
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Answered on August 11, 2010
Your father should get with a qualified estate planning attorney immediately and have his documents revised. While the old will would likely "hold...
Archived
Is a Florida revocable living trust subject to state or federal taxes? If yes, under what circumstances?
Charles's answer
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Answered on August 11, 2010
The trust is likely subject to federal/state taxes, but the circumstances associated therewith and how the income is reported will vary depending...
Archived
Capitol gains taxes
Charles's answer
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Answered on August 11, 2010
A purchaser does not have to pay capital gains tax, but the seller may be liable for capital gains tax. Both parties should get with their...
Archived
In Florida, how does one go about revoking a revocable living trust? Are there any tax consequences for revoking it?
Charles's answer
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Answered on August 11, 2010
The trust can be revoked fairly easily (provided she is competent), and as Mr. Armstrong noted, the tax consequences are unknown until the attorney...
Archived
Do I need an estate attorney?
Charles's answer
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Answered on August 11, 2010
You have several very complex issues here and you certain need to get an attorney - and you need to do this immediately, as statutory elections...
Archived
My father passed away 2 years ago and left a trust.
Charles's answer
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Answered on August 11, 2010
The executor is not the person responsible for providing you a copy of the trust. The executor is in charge of the probate estate - the trustee is...
Archived
Is it necessary to hire an attorney to close a Trust.
Charles's answer
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Answered on August 10, 2010
I agree - you can, but I wouldn't necessarily recommend it. If a Federal Form 706 is involved, get an experienced tax attorney involved. In my...
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