Joseph Franklin Pippen Jr.'s Answers (10121)

Archived

Life Estate.

Joseph's answer | Answered on July 19, 2013

Yes-but I would question giving to minors and you need to understand the tax consequences. Please discuss with an attorney before proceeding.

Archived

I am the executor of my Mom's will. My sisters want me to give them a copy of the will and trust. Can any harm come from this?

Joseph's answer | Answered on July 19, 2013

If they are all beneficiaries-they are entitled to a copy of the documents including an inventory of the estate.

Archived

In LA. , can a widow make her step-son leave the house when husband passes away. Mortgage not in either one's name

Joseph's answer | Answered on July 18, 2013

You really need your own attorney to sort this out with a face to face meeting. The ownership controls-not the mortgage-so I am on the side of the...

Archived

Does moving an elderly person from Arizona, where they wrote a trust, to Texas in order to care for them, break the trust?

Joseph's answer | Answered on July 18, 2013

No-the trust is not broken. The trust is often taxed in the location of the trustee but not broken.

Archived

My mother has a trust with co trustee named if she is unable to act. She also has an attorney for property. How does this work?

Joseph's answer | Answered on July 18, 2013

The trustee's control what is in the trust for the benefit of the grantor and the power of attorney control's everything else for the benefit of...

Archived

How do I avoid filing a bond for a Testamentary Trust in the below scenario:

Joseph's answer | Answered on July 17, 2013

Ask the Judge to waive the bond requirement because of the agreement among the beneficiaries and because of the asset in the estate.

Archived

"Can I break a lease because I cannot afford the rent anymore and plan to relocate to another state? "

Joseph's answer | Answered on July 17, 2013

Your best option would be to discuss with your landlord and work out an early termination deal if possible. If you can do this-no harm to your...

Archived

Is it necessary to open an estate account

Joseph's answer | Answered on July 17, 2013

I assume the % means "in care of you". If so-the check would belong to your mother and you could deposit in her account using your POA.

Archived

Will states everything is to be liquidated. Siblings want to come in and take what they want out of the home. Can they?

Joseph's answer | Answered on July 17, 2013

In addition to Attorney Pyke's answer. Why not just list your property for sale at the same time with the same broker when your mom's property...

Archived

Estate w/will 1990,but only has stuff in house/van, and no POD for bank acct $4K in law named executor, but he will not probate

Joseph's answer | Answered on July 17, 2013

The executor cannot be forced to open a probate estate but a creditor has the right to open an estate in order to get paid. You should discuss...

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