I am a trustee of an irrevocable trust can i pay myself 7% off the total amount in the trust plus my share as beneficiary?
Jerry's answer
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Answered on July 23, 2014
While I am not licensed in NH, at least in OK it is highly unusual for a trustee to receive more than 1% to 1 1/2% as a trustee fee. Again,...
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Resultant Trust question. Question is to long. See details for the question.
Jerry's answer
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Answered on July 23, 2014
Your question is somewhat circumspect and leads to far too much conjecture. You need to sit down, write out the specific questions to which you...
Archived
A will was written in FL. The person has now permanently moved to NYC. Will problems, delays occur when the person dies?
Jerry's answer
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Answered on July 23, 2014
As noted, just moving from one state to another should not create any problems, per se, but the person should (1) check to be sure there aren't any...
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How is a family trust different from a regular Revocable Trust?
Jerry's answer
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Answered on July 23, 2014
The family trust established by your father was probably a revocable trust during his lifetime, although it is possible to set up irrevocable...
How do i get a legal guardianship for my niece who lives in another country with her parents.
Jerry's answer
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Answered on July 23, 2014
The problem isn't getting legal guardianship or adopting her, it is whether you will be able to arrange for your niece to legally reside in the US....
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Can someone with POA for my husband change the locks on the home I have with him?
Jerry's answer
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Answered on July 23, 2014
As noted previously, you can certainly change the locks back since your name is on the title. You haven't provided many facts, however. Were you...
Archived
How can I get out of the Oklahoma National Guard?
Jerry's answer
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Answered on July 22, 2014
Generally speaking, once you enlist you are required to serve the term of your enlistment. Other than a hardship discharge or medical discharge,...
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After the judge orders a house may be sold by the executor, what other court action needs to happen in Oklahoma?
Jerry's answer
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Answered on July 22, 2014
Mr. Monk has given you the correct answer. All this is all spelled out in the Oklahoma Probate Code at Title 58 of the Oklahoma Statutes. You can...
Archived
My Father passed 09/12, my Bro's Executor, says Will's in probate, Courthouse says not/never has been in probate status.
Jerry's answer
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Answered on July 21, 2014
Your brother has a duty to report all actions he has taken and to provide you with a detailed accounting. As the other attorneys have noted, it is...
Can a trustee sell property within a trust, inherited by two family members without obtaining each one’s permission?
Jerry's answer
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Answered on July 21, 2014
As is often the case, the answer is "it depends." A trustee has full discretionary authority to act on behalf of a trust, but must consider the...
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