Questions answered by Carol Anne Johnson

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Pros and cons of having separate revocable trust vs. a joint revocable trust if a Maried couple wishes to buy a home?

Carol's answer | Answered on February 21, 2015

As Attorney Pippen says, there are many issues involved and a quick answer to that is not available without more information. Generally speaking,...

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Do attorneys automatically put spendthrift provisions in their client's revocable living trust documents?

Carol's answer | Answered on February 21, 2015

You've asked this once already - along with other questions about trust provisions. I would suggest that since you don't already know the answers,...

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Do estate lawyers automatically put spendthrift provisions in a revocable living trust? Or does the client need to request it?

Carol's answer | Answered on February 21, 2015

By its nature, a "revocable trust" is not made an "asset protection trust" (as against creditors) by the inclusion of a spendthrift clause so long...

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Need urgent help or advice

Carol's answer | Answered on February 21, 2015

I am going to move this to Divorce so you get better answers but DO THIS IMMEDIATELY!! HIRE AN ATTORNEY - a REALLY GOOD divorce attorney!! Your...

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I'm about to start collecing SS from my deceased ex wife . Question is, since it is not my SS do I notify my pension plan

Carol's answer | Answered on February 21, 2015

Every pension plan is different and it will wholly depend upon the type of plan and who is administering the plan. You will need to read the plan...

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Assumiing a mortage

Carol's answer | Answered on February 20, 2015

I see this is a variation on the earlier question you asked. There is no "likely outcome" - but, you risk having the lender accelerate the mortgage...

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Mortgage question

Carol's answer | Answered on February 20, 2015

The only way to "get the mortgage in your name" is to assume it. That will require the lender to examine your ability to pay. If they are...

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Which trumps which? Declaration and Covenants or Statute 720

Carol's answer | Answered on February 20, 2015

It helps if you understand the reasoning behind even HAVING CC&Rs, which is to establish uniformity in the community. It is common for the HOA...

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For purposes of Medicaid qualification and 5 year lookback, what assets are considered "exempt?"

Carol's answer | Answered on February 20, 2015

In this instance, Google is your friend. Limit it to Nevada, though, and you should be able to find the documents that you need to do your...

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What are the rights of a husband given living rights to the marital home, if it is Quit Claim Deeded to wife and her daughters?

Carol's answer | Answered on February 19, 2015

Red flags are raising all over the place here! Why on earth did your father QC his home to his wife and HER children? What sort of things is the...

Carol Anne Johnson's Answers (3218)

Pros and cons of having separate revocable trust vs. a joint revocable trust if a Maried couple wishes to buy a home?

Do attorneys automatically put spendthrift provisions in their client's revocable living trust documents?

Do estate lawyers automatically put spendthrift provisions in a revocable living trust? Or does the client need to request it?

Need urgent help or advice

I'm about to start collecing SS from my deceased ex wife . Question is, since it is not my SS do I notify my pension plan

Assumiing a mortage

Mortgage question

Which trumps which? Declaration and Covenants or Statute 720

For purposes of Medicaid qualification and 5 year lookback, what assets are considered "exempt?"

What are the rights of a husband given living rights to the marital home, if it is Quit Claim Deeded to wife and her daughters?