What kind of trust should I use for a 401k and IRA?

A trust as an IRA beneficiary gets into complex waters for which you need to consult legal experts. There are many options as you've noted, which...

Do I need to set up a trust to avoid probate in Florida? Or will my assets pass easily to my beneficiaries with a simple will?

A trust, if properly funded (i.e. assets retitled into it) will avoid probate. If you have assets in your name and use a will to give away assets...

What can i do as a benefiaciary on my fathers will?

I would strongly recommend you consult with an attorney. This will ensure your interests are properly looked after. She may not have started a...

Life estates have two classes: (1) life tenant (your mom) and (2) remainderman (you). Neither party can force the other party to sell, the entire...

If the account did not have a designated beneficiary, then it passes to her estate. To get the asset out of the estate a probate must be filed....

My husband passed june 9th we have a home in NY and Fl state, does the home automatically go to his spouse or do i need a lawyer

I'm sorry for your loss. As my colleague has pointed out, whether or not a probate is required in FL or NY or both depends on how assets were owned...

Can the same person create an irrevocable trust and serve as the trustee?

Yes, if drafted properly. There are potential adverse tax consequences of doing such, namely the inclusion in the gross estate of the father for...

Should my mom put her home in my name

Probate will be necessary to transfer assets owned by an individual that do not have a beneficiary designation or pass by operation of law. Your...

How do we protect our estate and qualify for Medicaid if one or both of us need nursing home care?

There is no short answer to your question. You should consult with an elder law/estate planning attorney. They can explain the rules for medicaid...

Does a 1 member LLC that originally filed 2253 in 2014 need to file 8832 or take other action if taking on a 2nd member now?

I'm assuming you mean a Form 2553 (small business election). If that is what you filed, then i do not believe you need to file anything new with...