Do I have to transfer home insurance after doing a property quit claim to SINGLE MBR LLC

Yes. You should contact the insurance company immediately. I also recommend contacting the title insurance company.

While creating my will, If I establish an irrevocable trust for my IRA to go to my children , can I still have use of $ ?

Yes, you will have use and control of the funds for your lifetime. The trust for your grandchildren in your will would be a testamentary trust -...

How to qualify for low income housing for a condo purchase?

You are asking on a public forum about how to commit fraud. Not a good idea.

Can the trust administrator lawyer be removed/ fired by the trustee in a irrevocable trust?

Yes. Generally speaking, the trustee has full discretion over the hiring and firing of legal counsel to advise and assist with trust administration.

Can a trust protector remove a beneficiary from an irrevocable trust in FL?

Florida has no statutory law on trust protectors, but they are generally considered to have a fiduciary role unless the terms of the trust...

Is it possible to determine whether a Trust exists in someone's Will?

Based on the language of the will, it appears that the gift to the trust would take place only if the wife disclaimed any of her gift. If that was...

Can someone hold my trust fund money?

If you have a lawyer write a strongly worded letter to your mother, it might not be necessary to sue. Take a copy of the will to an attorney to...

Revision of Trust from Simple to Complex

It may be possible through decanting or a court proceeding to modify the trust, depending on the terms of the trust and state law governing the...

I have a large sum of monies in CD's and my children are the beneficiaries. Should I also set up a revocable trust as well ?

There are many reasons to set up a trust other than avoiding probate (which is accomplished by naming beneficiaries on your accounts). I agree...

It is not really possible to answer your question without reviewing the trust. With $1.25 million of assets, estate taxes will not be an issue,...