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If I have a lawyer make me an Irrevocable Special Needs Trust can I transfer assets to the Trust in my Will? (please see below)
Molly's answer
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Answered on March 21, 2014
Absolutely, you need a lawyer to draft it. Much depends on the type of Special Needs Trust (SNT). If it is a first party SNT (where it's funded...
Archived
I have a question regarding estate planning.
Molly's answer
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Answered on March 21, 2014
The good news is that North Carolina repealed its estate tax last year. It's possible you might have property in other states that would be...
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Archived
On heir property do the brothers and sister get the part of a brother or sister that got adopted in a family .
Molly's answer
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Answered on March 20, 2014
I don't quite understand if you are asking about a child who got adopted into the family, or one who was given up for adoption to other parents. ...
Archived
Estate Property with no Will.
Molly's answer
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Answered on March 20, 2014
I agree that, unfortunately, a verbal statement is not a substitute for a written will. You should check with an attorney in your state though,...
Archived
Do I have any rights in this situation?
Molly's answer
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Answered on March 20, 2014
I'm sorry for the loss and for your difficult situation. If your father had a will, it might have made some specific provisions for the business...
Archived
Can the deceased person's SS# be used to open an estate account?
Molly's answer
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Answered on March 20, 2014
You probably need to get a tax ID number for the estate. This can be done easily online at this link:...
Archived
My husband is long term total care.. I carry a $50,000 term life insurance on him. Can Medicaid take that so I will not get it?
Molly's answer
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Answered on March 20, 2014
I agree with the previous answer, but just want to add a reminder that you should make sure that you are named as the beneficiary on the policy so...
Archived
How do I claim free possession and ownership of a doll collection in my deceased mother's estate. I kept the dolls at her home.
Molly's answer
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Answered on March 18, 2014
Were they your aunt's dolls or your mother's dolls? If your mother gave them to your aunt (either in her will or during her life), and then your...
Archived
How do my 75 yr old parent remove their 53 yr mentally ill daughter from their home?
Molly's answer
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Answered on March 18, 2014
They might want to start by contacting state mental health services. Here is a link for NAMI, an excellent non-profit organization that can refer...
Archived
My father's living trust names him the trustmaker and the trustee. He is deceased so who is the trustee?.
Molly's answer
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Answered on March 18, 2014
If the trust does not name an alternate trustee, you have to look to the state law to see how an alternate should be named. It might be that you...
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