Archived
Are there elder law places who represent an elder who lives in wayne county and is in court in oakland county?
Jerry's answer
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Answered on September 02, 2014
To answer your question, I am not aware of any service that will cross county lines. You might check with the local Disability Law Center or...
Archived
I have left my home in my will to a friend. Can I sell it to him for $1 & set up an estate trust instead of waiting til I die?
Jerry's answer
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Answered on September 02, 2014
The best option is to place the home in a living trust and name your friend as beneficiary. This way you get to live in the home the rest of your...
Archived
My mother passed away on 6/27/2014 and had a trust account setup with the local cemetary for her burial.
Jerry's answer
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Answered on September 02, 2014
The simple answer is that the contract controls. During her lifetime, your mother may have been able to revise the contract, but because she...
Archived
My tax preparer says I need the SSN's of trust beneficiaries, however some are estranged. What should I do?
Jerry's answer
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Answered on September 02, 2014
Your tax preparer needs to write to the beneficiaries and advise them of the need for this information. Failure to provide the required...
Archived
Does a trust citing real estate and personal property entitle other heirs to any cash or savings?
Jerry's answer
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Answered on September 02, 2014
A trust only controls the assets titled in it. If the cash was all done via POD or beneficiary designation, then you will not receive any of it. ...
Archived
My father passed away, the person in charge of taking care of his trust and will says that everything can be dispersed quicker
Jerry's answer
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Answered on September 02, 2014
I would never recommend waiving an accounting. This is for your protection as well as that of the trustee. You want total transparency so...
Archived
Hello. I was made a co-trustee of a vehicle trust so that I could update information. I would like to terminate my interest.
Jerry's answer
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Answered on September 02, 2014
As noted, in most instances you have to execute a resignation of trustee and deliver it to your co-trustee with all documentation you have received...
Archived
Can a preplan w/ a revocable trust be switched to irrevocable after an applicant has a scheduled pick up date in ny
Jerry's answer
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Answered on September 02, 2014
This is easy to do and should be done as soon as possible.,
Archived
If trust docu states beneficiary has 90 days to object to trust accounting, does this override the 180 day state time period?
Jerry's answer
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Answered on September 02, 2014
Since you included the 180 day notice provision in your annual accounting, you would be bound to honor that even if the state rule did not trump...
Archived
I received a home in a living trust, how do I transfer it into my name.
Jerry's answer
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Answered on September 02, 2014
The Trustee of the trust will prepare a Trustee's Deed pursuant to the terms of the trust and deed the property to you. It should be done as part...
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