If my Atty receives our settlement check this yr in trust but distributes 1/2 this yr other 1/2 next yr do I report all this yr
Pay a few dollars and ask an income tax attorney. The distribution may not even be income, nor taxable.
West Palm Beach, FL
Trusts Lawyer at West Palm Beach, FL
Practice Areas: Trusts, Wills & Living Wills ... +3 more
Pay a few dollars and ask an income tax attorney. The distribution may not even be income, nor taxable.
An executor runs the estate. A trustee runs the trust. A trustee who takes money for "wrong" or "bad" purposes can be removed. A fiduciary should...
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A trustee who wrongly takes money from the trust is subject to being removed. And being sued. A trustee cannot take money out unless in the form...
You need to read the trust and see what it says. Whether a "spendthrift" clause or provision is present, and enforceable for divorce in the state...
Yes, a trustee may be removed for failing to "do" his or her duties and to otherwise "do" what the trust document says. A removal action is a...
The property "goes" according to the will. Offer it to the person who inherits it but understand that they don't have to take it. One option is...
It depends on the law which governs the trust's interpretation and administration. In some states, like Florida, you can "modify" a trust under...
You need a malpractice attorney with an understanding of trusts and estate planning.
Ask to see the loan documents and other "evidence" of why the trustee is treating the money distributed to you as a loan. Either the trust loaned...
You need to read the trust and communicate with the trustee. The creator of a trust which is revocable can change beneficiaries. A trustee cannot...