Archived
So I’m tying to figure out how we can tap into my moms house equity if she is in a Nursing Home and on Medicaid now ?
Carl's answer
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Answered on January 24, 2018
You should immediately consult with an experienced elder law attorney before you take any action. The creation of liquid assets (for instance from...
What is the advantage of a Lady Bird Deed vs. Revocable Trust?
Carl's answer
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Answered on January 18, 2018
The answers to your specific questions cannot properly be addressed without substantially more information and discussion. When dealing with the...
Are the assets in a revocable trust where I am the sole beneficiary protected if there is a judgment against me.
Carl's answer
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Answered on December 28, 2017
A revocable living trust does not provide any asset protection value - other than the avoidance of probate upon death.
Asset protection planning...
Archived
Do I need a “Will”?
Carl's answer
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Answered on December 27, 2017
One issue that you consider is the distribution of your homestead, and your other assets, in the event you should die before your spouse, while she...
Archived
My husband passed away Nov 13 2017 He has a bank account in Pa They are telling me they need an order of summery to close his a
Carl's answer
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Answered on December 19, 2017
If the bank account is titled in your deceased husband's name alone, then it will be necessary to probate his estate to obtain access to the funds...
My mother gave us her Atty. name and number the problem is the number is incorrect and we searched the Atty.and she's dead?
Carl's answer
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Answered on November 30, 2017
If there are assets owned by your mother at the time of her death, in her individual name, then those assets will be transferred to the proper...
Where can I find a sample of a letter that allows one co-trustee to act unilaterally with permission from other co-trustee ?
Carl's answer
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Answered on November 02, 2017
The authorization for one of multiple trustees to act on behalf of the other trustee(s) is called a delegation of authority to the acting trustee. ...
Will a child given up for adoption and not listed in a living trust affect that trust in any way?
Carl's answer
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Answered on November 02, 2017
When a child is adopted, under Florida law, the legal relationship between the adopted child and its natural mother is severed. The child who is...
Archived
If my dad uses a revocable trust to pass all his real estate to me, can I be the beneficiary as well as the trustee?
Carl's answer
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Answered on November 01, 2017
You definitely should consult with an experienced estate planning attorney. If your father has "lucid" moments, it is possible that he can...
Archived
Is special needs trust revocable?
Carl's answer
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Answered on September 28, 2017
A special needs trust can be revocable or irrevocable if it is a third party special needs trust. If it is a 1st party special needs trust then it...
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