My father recently died his house was in a trust there was eight of us We received 15 ,000. Will we have to pay taxes on it ?
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Answered on January 04, 2022
I agree with Mr. Katz's answer. What he wrote is something that goes through a tax attorney's head when question like yours are asked. Here are...
What are the steps I need to take to close out my parent's estate?
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Answered on January 04, 2022
Mr. Burcke's answer is spot on. Trusts and probates, while may be related, are different entities. Each should have separate accountings and tax...
How can my father, declare I own 100% of his properties/estates when he dies?
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Answered on January 01, 2022
A couple of things come to mind as I read your inquiry:
1) If you father leaves everything to you in any type of estate plan, possible...
Two trustee that are both beneficiary and trust home?
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Answered on December 27, 2021
This answer is subject to modification from my California colleagues.
First, I am sorry for all you are going through with your mother and how...
Inherited house was sold by a relative without notice. What rights does my sister have?
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Answered on December 26, 2021
I agree with Mr. Gunthert's answer.
My answer is from the perspective of Nevada law and who has actively practiced in trust administration area...
Does a trust beneficiary have to indemnify the trustee
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Answered on December 22, 2021
The short answer is "no." However, if the trust the trustee is working with a trust worth its salt, then then likely the trust has indemnification...
I have a trust .Will it be legal if I write my alterations to it on some paper and have it notarized?
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Answered on December 21, 2021
I agree with Messrs: Murillo and Adams. The short answer to your question - yes most states in the Union allow the grantor to amend their trust as...
Living trust setup distribution after 2nd to die. In quote, "separate" -> different from trust so use beneficiary acct/tax id? ?
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Answered on December 17, 2021
As Messers Shields and Mandel wrote - this is too complex to answer in this forum.
This question is appropriate for your legal counsel, which...
Are all beneficiaries named in a trust entitled to all financial information about the trust?
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Answered on December 16, 2021
Since you used the words Executor and Estate, I changed the Practice Area. Trustees are not related to Estates. For the difference, see my Legal...
What types of trust will better serve our purpose?
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Answered on December 14, 2021
I agree with Ms. Harvey. This question is not appropriate for this forum. My answer is not what you will expect. It will, from my perspective, be...