Mom as beneficiary on grandfather's IRA pays tax on the distributions from the IRA, regardless of where she ultimately deposits the money. If...

Will my daughters spouse have claim to my property if I have a irrevocable trust in an event of a devorce?

As previously noted, the answer is, it depends on how the trust is drafted. If properly drafted it can protect against divorce claims. Nothing in...

What's the difference between a special needs trust and ABLE?

You will need a special needs trust to accomplish your goals. If a relative who wants to leave money to your son predeceases you, you should have...

Selected as the best answer

A full analysis of the facts are needed to answer this question, more than can be provided on this forum. You should contact an attorney...

Does a note w real estate as collateral have to be transferred to the Trust as holder rather than the Grantor's personal name?

More information is needed. is your aunt deceased? If so, and assuming your aunt was the sole holder of the notes, the notes are the property of...

How EXACTLY do I file for EIN # since I am the trustee of my father's revokable trust and he just died?

I once had a client who incorrectly filed for the EIN. How do you unring a bell? Go get an attorney.

Do not sell the house before speaking to an Elder Law attorney. More analysis is needed, but it's clear you are attempting to take action now that...

Why not create a third party special needs trust? First party SNTs hold the beneficiary's funds, which are subject to being paid back to the State...

I just closed on my parents house that was in a revocable trust leaving me 60 percent and my two adult kids 20 percent each.

More information is needed. Based on this, and your other question, sounds like you need to hire an attorney to assist. I would recommend finding...

How do I sell my part of some property that it is in a revocable trust to the other beneficiary that is the easiest way.

The trustee of the trust that holds the property can sell it to the beneficiary (or the beneficiary's trustee) in the same manner as if a person...