Archived
If my both my sons are on the deed to my home, when I die and my married son dies does the house go to the other son on the deed
Justin's answer
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Answered on April 08, 2010
This question cannot be answered without looking at the specific language of the Deed. There might be survivorship language. If so, then that...
Archived
I am a widow and cannot find the family trust document drawn up by my husband and myseIf several years ago. What should I do?
Justin's answer
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Answered on April 08, 2010
If contacting the drafting attorney yields no results, you might consider creating an Amended and Restated Trust agreement so you can move forward...
Archived
Living trust. Dad passed away. step mother alive . both settlors of trust. With a pour over clause
Justin's answer
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Answered on April 08, 2010
Stated facts are too sketchy to give a complete answer, but based upon the initial facts, it seems that the bonds are the property of the estate of...
Archived
Question does the proceeds of trust account of the decease have to be held in a separate trust account by attorney?
Justin's answer
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Answered on April 08, 2010
There are so many "maybes" and "it depends" in any response to the facts you have set forth that you really need to sit with an experienced trusts...
Archived
What are the benefits of a living trust?
Justin's answer
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Answered on April 07, 2010
There are several Legal Guides on this site which will give you a good overview of living trusts and answer most of your questions.
A living...
Archived
Breach of fiduciary duty
Justin's answer
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Answered on April 07, 2010
Your use of the term "penalty" implies that some court action is taking place. In that case, a judge or jury would be assessing a penalty. ...
Archived
Is there an avenue for me to help my father who is loosing his memory.
Justin's answer
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Answered on April 06, 2010
Your father should also get a Living Will in place and the current state of title to all his assets should be reviewed to see what can be done to...
Archived
My mother-in-law left her house to her 3 adult children and one of the them wants to buy the house. What should they do?
Justin's answer
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Answered on April 06, 2010
The first thing you do is hire an attorney!
With a properly structured and documented transaction, you should be able to save some transfer...
Archived
Are beneficial interests included in probabte? There was no will.
Justin's answer
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Answered on April 06, 2010
Based upon what you have provided, the account is not subject to probate in the deceased accountholder's estate. However, it is included in the...
Archived
How is the income of a grantor trust reported in the year of death?
Justin's answer
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Answered on April 06, 2010
Income items are identified as pre-DOD or post-DOD. Pre-DOD items are included on the grantor's final 1040 and post-DOD items are included on the...
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