Archived
Why are the legal fees for a ‘revocable trust’ based on the estate asset value if a ‘living trust’ is designed to avoid probate?
CL's answer
|
Answered on August 16, 2012
You ask why legal fees are based on assets. Sometimes they are and sometimes they aren't, depending on the agreement between the trustee or...
Archived
Ihave a trust fund/Estate.It was from my Mother.It's in my Aunts name now. If I get divorced will my husband get any?
CL's answer
|
Answered on August 16, 2012
In most (or perhaps all) states, inherited property is not considered a marital asset subject to division in a divorce. But you must keep it...
My husband wants me sign a quitclaim deed to a revocable trust. on our house.
CL's answer
|
Answered on August 16, 2012
I want to be very frank and candid here. There is no revocable trust in the planet that has anything to do with avoiding capital gains tax. In...
IRS form 1041 final return Irrevocable Trust
CL's answer
|
Answered on August 16, 2012
I think my colleagues were reading your question to indicate that you were describing a testamentary irrevocable trust like a Family "B" Trust or...
Can I (trustee) sue a disgruntled beneficiary for holding a trust's final distribution hostage ?
CL's answer
|
Answered on August 16, 2012
My colleagues have provided appropriate counsel. Trustees have fiduciary duties to the trust and its beneficiaries, and have civil, even...
If the trustee dosn't collect money that is owed to the trust, can the beneficiary go after the ower for his portion of the mone
CL's answer
|
Answered on August 15, 2012
The highest duty under American law is the duty of a trustee to the beneficiaries of a trust. If the trustee breaches that duty, the trustee is...
Archived
AM I ENTITLED TO A COPY OF THE WILL?
CL's answer
|
Answered on August 15, 2012
Jim Frederick has give you one of us usually spot-on answers. Let me add a couple of thoughts.
You, your sister and your brother need to be...
Archived
Can a trustee enrich one beneficiary and not the other 2 ?
CL's answer
|
Answered on August 15, 2012
Issues like this are a matter of perspective and proportionality. As Jim has said, is this worth fighting about?
During administration, the...
How do I get power of attorney for my son who has passed away?
CL's answer
|
Answered on August 15, 2012
Powers of Attorney cease to have any power at death, so whether or not he had a POA is irrelevant.
Under the terminology of the law, a person...
Archived
My father was put in an alzheimers unit. Proceeds from sale?
CL's answer
|
Answered on August 14, 2012
And apparently your sister is not the agent under your father's Power of Atttorney, and therefore has no authority to do anything with dad's money...