Archived
What happens when a person passes away who has a "disposing judgment" against them. A few other questions..Thank you in advance
Arlene's answer
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Answered on November 22, 2017
Lots of issues. If there are judgments it will be on his house. Not sure what assets he has and if you are divorced if the new will was done...
Archived
Can a parent who is not co or successor custodian close the acct of the minor whose custodian died?
Arlene's answer
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Answered on November 22, 2017
A child can choose if 14 a new custodian. There are laws on this but I don't see how it was closed rather than a substitution of a custodian. If...
Why would an executor file for a preliminary distribution and not a final distribution?
Arlene's answer
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Answered on November 22, 2017
Many estate are done except filing a final tax return or something. It is not uncommon to distribute most of the assets and retain some for these...
My dad recently passed away and he had money in the bank. I have the death certificate. How do i get the money out of the bank?
Arlene's answer
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Answered on November 22, 2017
As mentioned, it depends on if your dad had a will. If not will, it depends on if you were the only child. If there were social security...
Archived
Can i sue the p.r of an estate for deceiving the beneficiary of a credit union account?
Arlene's answer
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Answered on October 01, 2017
Some states allow the estate to go after non-probate assets if there are not enough to pay for the legal debts - not sure if MD is one, but talk to...
Archived
As trustee can I fund a large check written before my mom's death to my sibling?
Arlene's answer
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Answered on September 30, 2017
If the check was written from the trust account, as trustee you should be able to confirm to the bank to cash it. It was written prior to death...
Do I have a trust fund in my name?
Arlene's answer
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Answered on September 30, 2017
If you were named as a beneficiary under a trust, you must find the attorney who prepared it. If the trust was never funded, unless there was a...
How will sell of home affect Life estate if owner is still living
Arlene's answer
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Answered on September 30, 2017
Yes. Life estates can be calculated on the age and if it was sold (she would have to sign a quitclaim deed and well as the children. If she...
Archived
Do we need to pay inheritance tax in America
Arlene's answer
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Answered on September 29, 2017
There is no inheritance tax it appears for NM. If the assets are more that the federal exemption of 5.5 million there could be tax. Otherwise...
Archived
Farmland was placed in a trust by my grandfather, now, my grandmother wants to sell, is their anything I can do?
Arlene's answer
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Answered on September 29, 2017
She can sell he land. The terms of the trust will tell if she has a right to sell it. Can you offer to buy it from her and the trust? Maybe work...
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