Archived
Approximate cost of creating a living trust, funding it with real estate property valued at $650.000 with a $230.000 mortgage.
Gregory's answer
|
Answered on July 23, 2013
The fee also depends on whether you want the house to be transferred outright to your son or held in trust for his benefit. Holding the property...
Archived
The will is unsigned, my Uncle passed away in North Carolina. I and my brothers are beneficiaries of large policy.
Gregory's answer
|
Answered on July 23, 2013
It's best not sign any documents without having having them reviewed by your own attorney. An attorney can advise and assist you in this process...
Archived
My father died and I am on the deed as "remainder" of his house.
Gregory's answer
|
Answered on July 23, 2013
The property gets a "stepped up" basis to fair market value as of the date of death, so if you sell if shortly thereafter there will be no gain and...
Archived
If the estate is worth $1.2mm in NYC. Are we paying taxes on 1.2mm or just 200k ?
Gregory's answer
|
Answered on July 23, 2013
Just the amount over $1 million, net of estate expenses and debts.
Archived
Can you change and existing will by writing on it and signing it or do you have to draft a new will?
Gregory's answer
|
Answered on July 19, 2013
It is never a good idea to write on a will to attempt to change it. Your grandfather should see a lawyer to have a new will prepared. This will...
Archived
Is a will regulated by the state it was originally drawn up in or the last state they were legal residents of when they passed?
Gregory's answer
|
Answered on July 11, 2013
If a will is probated in North Carolina, then NC law governs the payment of executor's commissions. NC allows a maximum of 5% of receipts and...
Archived
In FL does a person have to notify the lender who holds the mortgage on a home when home transferred into revocable trust ??
Gregory's answer
|
Answered on July 03, 2013
No - such as transfer is allowed under federal law (Garn-St. Germain Act). The bank should be notified, however, if the trustee has a different...
Archived
Does a revocable trust require filing and/or recording in a county court?
Gregory's answer
|
Answered on June 27, 2013
Creating a legal document, such as a trust, for another is considered the practice of law, and if you do so you will be engaging in the...
Archived
Husband passed away and he and I were co-trustees on his trust. Am I now the sole trustee or are the successors co trustees?
Gregory's answer
|
Answered on June 24, 2013
It depends on the way the trust is worded. Often the surviving spouse will be the sole trustee. If you are unsure, contact the attorney who...
Archived
We Re-wrote my step fathers will last Aug.(12') All dates signed by my Dad's will were 8/18/12, but the notary's date was 8/16
Gregory's answer
|
Answered on June 24, 2013
I agree. I am also troubled by your statement that "we re-wrote my stepfather's will..." That makes it sound if undue influence or lack of...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained