What is grantor trust? how can I apply for it? I have money in a separate account ,

A "grantor trust" is an income tax term which generally means that you are treated as the person who funded the trust and the owner of the trust...

I am executor of my mom's estate. she left nothing more than cash bank account outside of probate which was POD to us 2 kids.

An attorney really cannot give you a definitive an fully informed answer without knowing a number of details regarding the assets, the will, and...

What can be done when an attorney is the executor of a will and he hands it over to his wife and family members work for her?

Depending on what type and stage of probate is involved and your interest in the estate, you may have a remedy available to address some of these...

How does an individual find out the value of an estate that has been filed in probate?

Beginning September 1, 2011, probate inventories do not have to be filed in the probate court (but instead may be sent to the beneficiaries under...

In Texas: person about to sign Will is unmarried, has all cash monies in accounts or investments, with designated beneficiaries

The POD or JTWROS accounts will not be part of the probate estate; although there is a process for parties with claims against the estate to...

How do I close a checking account (currently blocked by request of social security) of a recently deceased person?

It is not uncommon for large banks to take overly conservative, legally dubious positions in such matters. (I have had problems with BOA accepting...

What to do and where to start

Assuming your grandfather had such intent to have your sisters hold the property for your father's benefit (in a trust relationship) or your father...

Are there legal repercussions for a successor trustee if distribution of assets to beneficiaries is not followed?

Yes, there are. If there is an overriding fiduciary duty above all, it is to follow the clear terms of the trust instrument. And your sister...

Selected as the best answer

Husband found out recently, his deceased dad had a house in Corpus. If we change the title to someone else, any taxes involved?

First of all, the father's estate would have been subject to federal estate tax only to the extent that his gross estate and lifetime taxable gifts...

Do I need to hire a layer regarding a trust?

You may call the Maricopa County Superior Court/Probate and Mental Health Dept. or visit the websit docket to see if a Will has been offered for...