In a Q-tip trust if it specifies for my wife's maintenance what will that include?

A QTIP trust is one which requires all ordinary income be distributed at least annually. Ordinary income means most income other than capital...

Would I be considered an heir?

Under your facts, you are only an "heir" if one of two things are true: 1) grandparents adopted you,or 2) your parent who is their child is died...

Can guardianship be revoked, if the guardian is admitted to hospital for mental issues?

Yes it can be revoked by a court BUT as another answer points out, the court will take into account all the facts and circumstances and should take...

Will a durable power of attorney allow me to access financial assets placed in an irrevocable trust, of which I am also the exec

No, the power of attorney will not allow you access to the trust. Only the successor trustee, named in the trust to serve after your mom, can do...

What happens when a living trust is the beneficiary of a traditional IRA

The proceeds will be taxed as they are distributed from the IRA, but the real question is how quickly does the IRA have to be distributed. Worse...

You need to hire an attorney and petition a court to be his guardian. The court will appoint the person they deem to be in the best interest of...

Irrevocable living trust

1. You can be the trustee, but this will almost always cause the trust to be included in your estate. 2. Depending on the terms of the trust,...

Most if not all financial institutions and banks allow accounts for Irrevocable Trusts. You just need a tax ID number (which you get from the...

When should parents put property into a trust?

You should probably contact a Washington attorney for a free consultation on this issue but here are the general rules that apply in most...

How do i access my fathers account now that he just passed?

Your first step should be to check with the bank and ask them what they require to turn over the funds. If you are a joint owner of the account...