Archived
Any disadvantages to having these accounts changed so that my living Trust is named as beneficiary instead of being in my name?
Joseph's answer
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Answered on June 01, 2016
The Trust would be the better choice in my opinion-for example-suppose you are incapacitated at the time of mother's death.
The asset would then...
Can subtrusts have different trustees than the main trust?
Joseph's answer
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Answered on May 31, 2016
Most of the time-trustees are not named for sub-trusts.
The trust document would normally have provisions on how trustees resign and new trustees...
In Texas for a durable power of attorney are you required to have a lawyer sign it or is it legally binding if it is signed
Joseph's answer
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Answered on May 30, 2016
In Texas-you are OK if it is notarized as indicated
Archived
What can I do about not getting what my grandmother had left for me in her will
Joseph's answer
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Answered on May 30, 2016
Need more information
1- Are you 18?
2-Are you going to get a license?
3-Are there assets in the estate to probate?
Archived
In California, what if the 4 month newspaper creditor announcement ends earlier than the 1 year anniversary of the decedent?
Joseph's answer
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Answered on May 30, 2016
Repost in California-it is different in each state
Archived
How can I find out what my Aunt left to me as I was named a beneficiary in her will?
Joseph's answer
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Answered on May 30, 2016
The will should have been filed at the court which means it is now a public record.
You should be able to purchase a copy-call the probate clerk...
Archived
What does the phrase "for health and general welfare at the sole discretion of the trustees" mean?
Joseph's answer
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Answered on May 30, 2016
Trustee can use discretion on using the trust funds for the benefit of the beneficiary.
My advice-always stay on good terms with the trustee.
If...
Archived
Do I have to pay my boyfriends medical bills if we get married he is quadriplegic and on Medicaid has been for a few years now
Joseph's answer
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Answered on May 29, 2016
It depends on what type of Medicaid he is now receiving.
You would never be obligated to pay unless you obligate yourself.
The real question is...
Archived
As sole surviving Trustee (also beneficiary) can I use property equity to defend trust in court?
Joseph's answer
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Answered on May 28, 2016
Generally-the trustee has the duty to defend the trust and is allowed to use trust assets to pay the legal fees.
The language in the trust...
My mother fell and broke her hip a week ago. She is in rehab now, but may have to go into a nursing home.
Joseph's answer
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Answered on May 28, 2016
Some assets are exempt-like the homestead.
A personal services contract might be created to protect other assets.
Other strategies are available...
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