Archived
What are the pros and cons of having a home held in trust sold by the Trust Administrator versus selling it on our own?
James's answer
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Answered on March 09, 2013
I agree with Attorney Vader. It may be possible to do what you are suggesting, but it would need to be done, according to the terms of the trust....
Archived
Can i change my irrevocable trust due to the way the stock market is doing right now?
James's answer
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Answered on March 09, 2013
I agree with my colleagues. It is unlikely you would be able to get around the express terms of the trust. It is possible the trustee has...
Archived
Can real property be conveyed to a living trust, in The State of Michigan? Or, does it have to be conveyed to the trustee?
James's answer
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Answered on March 09, 2013
I agree with my colleagues. I think you also need to at least consult with an attorney. You appear to have more knowledge of these matters than the...
Multiple Beneficiaries of an Irrevocable Trust Sell the Land if all are not in agreement to sell?
James's answer
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Answered on March 09, 2013
As noted by Attorney Pankowski, this is not the beneficiaries' job. The trustee is the only one who can decide whether property should be sold or...
Archived
I need to get a letter appointing a successor trustee by three surviving sisters to take over the trust from a deceased brother
James's answer
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Answered on March 09, 2013
You definitely need to meet with an attorney. I am not sure a reverse mortgage will be possible in this case, or whether it makes sense to try. It...
Co-trustee not sharing accounting with this trustee
James's answer
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Answered on March 09, 2013
This is a duplicate of your other question, which Attorney McMahon answered very ably. You need to meet with an attorney face to face, to get this...
Archived
Co-trustee not sharing accounting with this trustee
James's answer
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Answered on March 09, 2013
The situation that Attorney McMahon described is what SHOULD have happened. As Co-Trustee, you have potential personal liability for what was done...
Archived
My dad set up a trust before he died (OK). Mother became the trustee but now my sister is the trustee and I don't trust her.
James's answer
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Answered on March 09, 2013
I completely agree with Attorney McMahon. One of the major reasons why people set up trusts is to maintain privacy. Your sister has the documents...
Archived
How long last the process with Revocable trust when the truster are deceased and the beneficiary are not from USA?
James's answer
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Answered on March 09, 2013
I agree with Mr. Vader. Without more facts, it is impossible to say whether this is taking longer than it should or if you are right on track. Even...
Archived
I have a mother who was living @ home in MI. I care for her needs.She is in for physical therapy,may go to assisted living. She
James's answer
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Answered on March 09, 2013
I agree with Attorney Weed, but this is just a mess. You should not be around your brother alone. Period. Threats are not going to help anyone....
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