My grandparents died an they Had a will but they also did a quitclaim deed reserving a life estate what does all this mean
Peter's answer
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Answered on July 09, 2020
This means that the real estate in that deed is now in the name of the remainderman. The type of deed you're talking about is generally structured...
If we put our parents house in a trust while they are still alive will we be required to pay capital gains once the home is sold
Peter's answer
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Answered on July 08, 2020
It very much depends on how you set up the trust. If you don't do it right, the trust beneficiaries will receive "carry over" basis, generally...
How can I evict an adult child when my spouse wants him to remain?
Peter's answer
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Answered on March 18, 2019
You need to consult the services of an attorney who practices in the area of "summary process" which is the procedure for eviction.
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Can my mother transfers the majority of her investment assets (stocks, mutual funds) to me for Medicaid spend down purposes & pr
Peter's answer
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Answered on March 01, 2016
There are some instances where you can do this right away, but generally, you must wait 5 years after making a gift before applying for Medicaid...
Who keeps original will?
Peter's answer
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Answered on February 12, 2016
Either of you may, it depends on the attorney and what you want. Some attorneys prefer to keep the original because they have a secure location to...
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Do judges question the motivation of a trustee who is willing to get sued for failing to make a mandatory distribution?
Peter's answer
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Answered on February 08, 2016
This sounds like you are on the cusp of some serious litigation. You need to retain a lawyer, not just speak to one. If the trustee believes that...
Can we change our A/B trust to a simple trust with an amendment or do we need to revoke it and create a new trust?
Peter's answer
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Answered on February 05, 2016
You need to sit down with an estate planning attorney to discuss this. An A/B trust is a planning tool for dealing with the estate tax. If you and...
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Does retained life estate preclude beneficiaries of irrevocable trust from calling for distribution?
Peter's answer
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Answered on February 04, 2016
If you hold a life estate, at common law the remaindermen can only sell their interest (future ownership after your death), which does not usually...
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Which legal markets have the most trust and estate jobs for newly minted lawyers?
Peter's answer
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Answered on January 26, 2016
If you're looking to focus on the estate tax, you'll need to set your sights on places with large concentrations of wealth (i.e. big cities like...
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How is the estate legally divided?
Peter's answer
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Answered on January 19, 2016
The answer to this question will depend on the intestacy laws of your state. Each state will have provisions to determine how an estate is to be...
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