Archived
Son predeceases his mother. How does mother now protect minor grandchildren's inheritance from their mother?
Justin's answer
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Answered on April 27, 2010
This is a textbook scenarion for the use of a Trust. I suggest a Living trust as opposed to a testamentary trust. You also need to consider if...
Archived
I need to have a trust account established by an attorney. This will be for the purpose of accepting an international money wire
Justin's answer
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Answered on April 27, 2010
Based upon the limited information you provide, this transaction sound like a scam by either you or by the person who sent you the information...
Archived
Trustee accounting expense forms?
Justin's answer
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Answered on April 24, 2010
It is unclear what you mean by "regular" accounting. An accounting is generally just a listing of every transaction showing money in and money out....
Archived
What percent can I charge as executor of assests in the state of Ohio
Justin's answer
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Answered on April 24, 2010
You have multiple issues. The first is: if 5500$ is the total of the probate assets, there is no need to apply to become executor. Either a...
Archived
How can I avoid lawyer fees?
Justin's answer
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Answered on April 23, 2010
Would you read a couple of books to "learn" how to re-wire your house, fix your back problem, fix the transmission of your car, build an addition...
Archived
Can a person not listed as beneficiary insist on being present at estate negotiations because they live with the beneficiary
Justin's answer
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Answered on April 21, 2010
Unless the boyfriend is an attorney licensed to practice in the particular State, he has absolutely no right to be present. Why is there a need...
Archived
Does a Special Needs Trust have to file taxes.
Justin's answer
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Answered on April 21, 2010
Since you have a separate EIN for the Trust, IRS will expect a 1041 to be filed annually. Best practice is to file each year regardless of income...
Archived
How is a Rev. Living Trust officially ended
Justin's answer
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Answered on April 21, 2010
Once all the assets have been distributed and the final 1041 filed, the trust is done. Since there was no public record filing needed to enable...
Archived
Will and estate planning
Justin's answer
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Answered on April 20, 2010
The first thing to keep in mind is if it is a Will, then it is not simple! Also, do not let cost rule the day.
Leaving your assets to a minor...
Does a beneficiary from an estate account have to open a bank account with their disbursement check or can it simply be cashed?
Justin's answer
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Answered on April 20, 2010
The check should be treated like any other check you receive. As long as it is made out to you personally, and you satisfy your bank's...
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