Archived
If an administer has to sell house to pay debts before he can pay beneficiaries, can they be involved in approving sale price
Justin's answer
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Answered on April 16, 2015
As an Administrator, he will have to obtain permission to sell from the Courts d all beneficiaries have a right to attend and be heard at a hearing...
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Archived
In a deceased parents trust, if a family member wants to buy the property, do they get it for appraisal price?
Justin's answer
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Answered on April 10, 2015
At this point, the beneficiaries "own" the house, so they can sell it (have the Trustee sell it) for any price they chose.
Archived
Can a person named in a trust turn around and sue the trust?
Justin's answer
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Answered on April 10, 2015
As a beneficiary of the Trust, your sister will, in effect, be suing herself
Archived
Upon death of last grantor, grantor trust, irs 1041 line a & d, which elections should be used?
Justin's answer
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Answered on April 05, 2015
No, there is no simple answer. This is not a DIY task. Consult a CPA who handles fiduciary income tax issues or a Trusts attorney. The type of...
Archived
How to determine final say when 2 children disagree after inheriting parents estate.
Justin's answer
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Answered on March 14, 2015
Use an experienced Realtor to help set a proper listing price Or list at the price that is the highest of the prices thought to be appropriate...
Archived
Can I take over as trustee on a living trust?
Justin's answer
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Answered on March 06, 2015
Court action should not be necessary unless the Successor Trustee says he/she is not incapacitated or refuses to step aside. If the Successor is...
Archived
I want to transfer a property into a trust and then sell it. How much would that cost me?
Justin's answer
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Answered on March 02, 2015
You need to consult an attorney. A question I have is what are you trying to accomplish? Why not just sell the real estate? It easier to transfer...
Should I sign a Receipt of Final Distribution for Discharge, when the distribution of cash/checks is being held by the attorney?
Justin's answer
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Answered on February 28, 2015
The timing you have described is fairly typical. But, you are right to want fully itemized and paper trail supported record to back up the...
Archived
Hi, I'm trying to find out if I can see or get a copy of my grandfathers will?
Justin's answer
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Answered on February 28, 2015
You can go online and check the index of the Probate Court for the county in which your grandfather was a resident at the time of his death. If you...
Archived
What do I need to do to transfer property from my deceased sister to 3 siblings?
Justin's answer
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Answered on February 25, 2015
First, check the real estate record at the County Recorder to see how she held title to the house. It might be in survivorship form. If so, then no...
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