In Tennessee the situation you describe has several potential answers, depending on additonal facts. However, if the total property [excluding...

When a man and a woman cohabitate and not married and the woman dies without a will, would her three children inherit her estate

If you live in MS, where I am licensed to practice, the situation is described legally as dying intestate [without a will]. Since MS does not...

Estate plan structure

Consult a local attorney who is either a CPA as well, or has a Masters in Taxation. Your total asset value, assets includable in your taxable...

Both parents just died, they left us a living trust, the house and the car are not paid for can the bank take the house and car

You will have to determine what is pledged as security for the loan(s). It is certainly possible that the bank has a lien on the house, land and...

The trust reads as follows: Second Codicil (Article IV 4.1 (c-1) States that the trustee is to provide for reasonable s

Need additional information, language from the trust and Codicil to answer this question. In MS a Codicil is an amendment to a Will, so you are...

What is the benefit of a Family Trust?

It depends on the situation. You can in the states I am admitted to practice in, do as you suggest with a "Family" trust, but the point of doing...

Can trustee deduct what benificary is receiving from social security from trust payments.

Generally, an offset of distrbution amounts from a trust for Social Security is not seen, and should have specifically been provided for. To some...