Is it better for my siblings and I to purchase my parents house or keep it in the trust fund?
You need to consider tax implications among other things. If you buy a house for half price, then the basis will be half FMV and when you sell it...
Senoia, GA
Estate planning Lawyer at Senoia, GA
Practice Areas: Estate Planning, Elder Law ... +3 more
You need to consider tax implications among other things. If you buy a house for half price, then the basis will be half FMV and when you sell it...
Yes. Beware of the lookback period for transfer. Transfer property to wife, and that may avoid Medicaid estate recovery. Also, transfers between...
The trustee needs to transfer the property out of the trust 1st trust. If the property is jointly owned after that (you and your brother), you can...
Sue for breach of fiduciary duty. The trustee is obligated to account. What will another letter accomplish? See an attorney. You have already...
A life estate is not a trust. A life estate is granted via deed. Perhaps you have probate left to do on behalf of the decedent before the property...
Responsibility for what? An old car?/..............................................................................
Probably not unless the creditor files a claim against the estate........................................
You need to seek out and consult with an elder law attorney. Medicaid asset protection and Medicaid qualification are far too complex for a...
There may be significant equity in the house. The estate is probably too large for no administration. Probate the estate. Sell the house. Pay the...
Yeah, you could sue her. Sounds like a waste of time and money. Sing the Frozen song................