I think the answer your are looking for is simply "Avoiding probate with a revocable living trust is NOT dependent upon how long as asset was...

Confused! Starting a very small business that requires a federal ID.

You are smart to be looking in how to use the legally-available protection tools for your new business. If you will be running the business with...

What is needed to be removed as one of the heirs of a house in TN?

If you do not wish to own the home, a disclaimer of your interest must be done PRIOR to 9 months from your dad's date of death. If you wish to...

My elder relative has died, I'm the closest next of kin. I can't afford an lawyer at this present time.

You should check to see if a formal probate administration is actually "required" before opening a probate estate. Note that joint accounts (with...

How can I find out if my relatives gave me a trust fund?

Trusts are typically private by their very nature. Compelling a trustee to disclose information usually requires at least the threat of court...

What are some strategies we can put in place to distribute the money wisely to an irresponsible beneficiary? Florida Rev Trust.

You can try to identify specific criteria for a beneficiary, such as requiring a drug test to get a distribution, or requiring an individual show a...

Is it true true I can use a trust for real estate to avoid probate but also to save on capital gains when I sell it?

You actually have a few options to avoid probate and simultaneously get a stepped up basis. I'll answer with the most popular. Tennessee allows...

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Tax preparer falsified tax information

You should consider getting your own independent accountant or attorney to represent you, not relying on the tax preparer to defend it. You must...

If you are actually able to prove that the number changed (besides just your observation) and if you can show actual damages (money lost in...

May I sell my dad's home, which is held in a family trust?

The trustee may sell a home held in a trust because legal title is in the trustee. You would need to see the deed to be sure. You are legally...