Are amendments to revocable living trusts legal and binding?

The successor trustee has a duty to review the trust, gather the assets, pay any expenses, and proceed with the administration of the estate. There...

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How long can Trustee "hold" funds from trust? When must funds be turned over to State (Mich).? When must Trustee pay heirs?

As has already been noted, the terms of the trust will most likely control. Unless the trust requires immediate distribution after payment of...

I have moved since I made a revocable trust. I want a local attorney to serve as trustee. Can I change easily? Bay area.

A simple amendment is all that is required. Please be sure you appoint not only the initial trustee, but also successor trustees should the...

I agree with Mr. Givner. I would add that it has been my experience that putting the Schedule E on the 1041 and using the K-1 to transfer it to...

How expensive is it to create a blood line trust?

While we cannot address fees, what you are asking for is a dynasty or divorce and /or asset protection trust, and it will be more expensive than a...

Even though you don't intend the trust to be an estate plan or testamentary instrument, it is and the safer route is to confer with a local...

Is a worthless check an example of dishonesty or breach of trust?

Generally speaking, full disclosure is the best answer. Even if this was a misdemeanor conviction, it is discoverable by the employer and could...

I am receiving a lump sum death benefit of $250,000 soon. I need to draw $ monthly for living. Where should I put it? Bank

This is not a legal question, it is a financial one, and it depends very much on your individual health and circumstances. You need to confer with...

I.9 billion in asbestos trust. is interest collected on this and who gets it?

Most likely, without going directly to the administrator of the trust, it will not be possible for you to get answers to your questions. You might...

The Deed of Trust has the wrong lender’s name, could this nullify the DOT?

I appreciate the research you have done and the money you are already out, but this is simply too complex a question to answer without a full...