Archived
Do you have to pay social security disability back if you receive an inheritance from your family. Family Trust.?
Michael's answer
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Answered on September 08, 2016
You should not have to pay back any social security disability received in the past when you receive an inheritance.
If you are on SSDI, you...
Archived
What do I do.
Michael's answer
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Answered on September 08, 2016
Generally the person named in the Will has the highest right to serve as executor. If no one named in the will can serve as executor, Tennessee...
Archived
How does TN law direct an estate if there is no will?
Michael's answer
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Answered on September 08, 2016
As with many other responses recommend, i agree, you should consult legal counsel for this issue.
First you need to understand that anything...
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Archived
If a home is held in a trust and you may be an heir. Who is responsible for paying the taxes and liens for that home?
Michael's answer
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Answered on September 08, 2016
Whether your father has rights in the house depends on if the trust document names him as a beneficiary.
Whether you will be assessed any fees...
Archived
If there are multiple homes in a living trust. Is it the trustee's responsibility to keep them rented and to collect rents?
Michael's answer
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Answered on September 08, 2016
Typically yes, it is the trustee's duty to make trust assets, such as a home, productive (i.e. rent them out). However, the terms of the trust...
Archived
Can the only trustee of a B trust use the funds to pay his own debt to the trust?
Michael's answer
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Answered on September 08, 2016
A Trustee of a trust can never use trust funds for personal gain, UNLESS that trustee is also a beneficiary of the trust. A Trustee owes a legal...
Archived
Does a will replace beneficiaries in a living trust?
Michael's answer
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Answered on September 01, 2016
The will controls only the assets that were in the deceased persons name, and not in the trust. The trust controls only assets that were titled...
Archived
My wife passed on,she had creat card bills that were in her name only,am i resp,for her bills also,
Michael's answer
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Answered on November 21, 2014
I am also sorry to hear of your loss. I agree with everything in the previous answer by Mr. Dimmick. The only debts of hers you could be...
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