Can a Trustee of an irrevocable trust be held personally accountable for lack of fiduciary concern resulting large losses?
Leonard's answer
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Answered on April 28, 2020
You can file a Petition with the probate court (circuit court) for removal of the trustee for mismanagement.
However, too many people were caught...
What is the best way to handle life insurance money?
Leonard's answer
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Answered on April 25, 2020
There are no tax consequences to first getting the insurance money. It is not taxable. Naturally if you invest it or put in in a bank account that...
Can a Revocable Living Trust be funded by naming it in PODs and TODs? This could make banking and property management easier.
Leonard's answer
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Answered on April 23, 2020
Yes you can fund the trust by making it a "transfer on death."
Without sarcasm thought I point out that this defeats 50% of the purpose of the...
How to get EIN for trust if there are 2 co-trustees?
Leonard's answer
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Answered on April 23, 2020
1. Yes the grantor (the creator of the trust who "granted" it) is the father.
2. One of you is designated as the Trustee for tax reporting...
Will someone please provide a guide to probate in Greene county Missouri? Can anyone tell me why I am not allowed to do it?
Leonard's answer
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Answered on April 22, 2020
It is not Greene County that governs probate. If that is where she died, that will be the jurisdiction where the probate proceeding is filed,...
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Do I have a trust fund in my name?
Leonard's answer
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Answered on April 17, 2020
this is not a question; just a statement without any background, any facts.
Is your uncle dead?
is there a probate estate"?
was there one and it...
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My Father passed away a month ago, his X wife got EVERYTHING. he had severe brain damage when he gave her power P.O.A.?
Leonard's answer
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Answered on April 12, 2020
You need to get an attorney immediately to open a probate a state and your father's name with you in charge. That will then give you the authority...
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How do I find a release of heir?
Leonard's answer
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Answered on April 10, 2020
Not enough information here. How is the property titled. Was a probate case opened. How along ago did the person die?
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Can a relative take my house if it was left to me with a Transfer on Death deed?
Leonard's answer
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Answered on April 10, 2020
I have to disagree with the first answer you received. This is not a probate question. It is a real estate question.
The answer is that it will...
Archived
Is there another way around going to a notary? I need to get my living trust notarized but, covid19 makes me nervous.
Leonard's answer
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Answered on April 09, 2020
The first answer gave a hint;
here's the total answer:
Last week Missouri's Governor issued an executive order, as authorized by Missouri...
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