Is it best to leave my son on deed to home or remove and open revocable trust with him as beneficiary?
Pros: *avoid cost of trust Cons: *house exposed to child's creditors *house does not get full step up in basis on your death *child can...
Raleigh, NC
Estate planning Lawyer at Raleigh, NC
Practice Areas: Estate Planning, Probate, Trusts
Pros: *avoid cost of trust Cons: *house exposed to child's creditors *house does not get full step up in basis on your death *child can...
Perhaps, it depends on your goals. What of your assets before you were married? How are they titled? Where should your property go should your...
I agree with Ms. Rose. You'll need to speak to an attorney in SC regarding the family farm. Your brother's interests may pass according to the...
Substitute descendants for issue, and see if it makes sense. If the trust directs that property should be divided into as many shares as there are...
As Mr. Schwartz aptly identified, a properly drafted spendthrift trust can protect a beneficiary's inheritance from his/her creditors. No trust is...
As previously noted, a firm that regularly handles estate administration and estate litigation matters would have the adequate expertise to provide...
Certainly. The trust can give the power to your son to appoint himself as trustee upon reaching a certain age or event. There may be estate tax...
Adding to what has already been noted, the certificate or affidavit of trust us a shirt form of the trust agreement to be used in lieu of the trust...
This is a question for an attorney who practices in Peru.
Is the house titled in the trust, or is it titled in your name? If the house is in trust, the trustee would have the power to buy/sell real estate...