Is there a benefit to forming an LLC to transfer property held by a family trust?

LLC's are usually created for asset protection purposes. It appears you would like to be free from the control of the executor and associated...

What are the procedures to inherit a mortgaged condo in Broward County, Fl from your deceased parent left to you in her will?

The condo will go through a probate process called "Petition to Determine Homestead" and be free from the claims of creditors. You will most...

The duty of the PR/Executor is to bills and taxes first and then make the distributions. Also-are there other assets that be can liquidated to pay...

What is the difference between a Land trust and a family living trust...

A living trust can hold real estate and financial assets. The grantor(you) usually have fill control of assets. The advantages are avoiding...

Is money set aside when an estate is "frozen"?

Set aside would most mean an attorney escrow or court account. Verify the executors story through the attorney for the estate or hire an...

We have created a Revocable Living Trust in 2004. The company have been bankrupt. Do we need a lawyer to update the trust?

If a non-attorney prepared the trust-an attorney should now review it to make sure it was created properly. In my practice(in Florida)-if a...

What questions are asked when determining if a person can make decisions for ones self?

It is not always the "questions" but the focus and clarity during a normal conversation. The person usually would be asked about the nature and...

How do I inform creditors that my mother is deceased and that she had no money to pay her creditors?

You can ignore-you are not responsible. However-I usually advise clients to return them with a note that she is deceased and did not have assets...

How do i transfer guardianship to Colorado

Yes-have a CO attorney help you with the necessary petition.

About a will left by my husbands father for him and his sister.

You can make a claim for her 1/2 of the expenses and taxes. She could contest some of the expenses. You both will probably need attorneys to...