Questions answered by Michael Leo Potter

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All distributions have been made from revocable trust, no assets remain. How do I legally close/end it?

Michael's answer | Answered on June 19, 2015

Most trusts will state that when the beneficiaries have received (and acknowledged receipt) of their distributions and the accounts are depleted...

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Can my aunt make me get rid of my dogs

Michael's answer | Answered on June 19, 2015

Maybe - it depends on how the language of the Trust is drafted and what powers over real estate it gives her. Have your attorney review it in...

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My brother passed recently, his wife had POA since December of 2014, filed with the county clerk. My brother no longer wished

Michael's answer | Answered on June 19, 2015

A POA is extinguished at the death of the Grantor. You may have to petition the Court's involvement in order to "undo" the harm here. Good Luck.

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Is irrevocable family trust responsible for judgment against creator and for supposed debt of creator?

Michael's answer | Answered on June 19, 2015

An irrevocable trust is just that - irrevocable. It means ownership has been permanently and irrevocably transferred to the trust, and as long as...

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Trust Beneficiary Rights

Michael's answer | Answered on June 19, 2015

I concur. The smart thing to do is a sit-down with an experienced Estate Planning attorney. Right away. See Avvo.com under 'Find-A-Lawyer'. Good...

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Deceased granted trust. I asked trustee to divide into 8 separate trusts, one for each beneficiary (all adults) because tax

Michael's answer | Answered on June 18, 2015

I concur. Best not to mix apples & oranges here. You need to have a sit-down with an Estate Planning attorney to sort this out with you. Take your...

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Trust representation in Clark County, Washington

Michael's answer | Answered on June 18, 2015

You stated facts but did not state a question.

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Son won a person lead suite 2010, 2015 only learning disability now he's 18, still live with mom, can trust be changed

Michael's answer | Answered on June 18, 2015

You'll do well to have a sit-down with an Estate Planning or Elder Law attorney to have him or her review in detail the terms of the Trust and...

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Do all IRA's have a trustee to administer the account?

Michael's answer | Answered on June 18, 2015

Steve is absolutely correct - as usual. The trustee of a private trust is different than the administrator of a custodian for an IRA>

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Trust Had a No Contest Clause: Will stipulating on a Cause of Action favoring defendant make the No Contest Clause enforceable?

Michael's answer | Answered on June 18, 2015

I concur with my colleagues. If the No Contest clause is triggered and effective then the Plaintiff completely loses. A review of the document is...

Michael Leo Potter's Answers (5702)

All distributions have been made from revocable trust, no assets remain. How do I legally close/end it?

Can my aunt make me get rid of my dogs

My brother passed recently, his wife had POA since December of 2014, filed with the county clerk. My brother no longer wished

Is irrevocable family trust responsible for judgment against creator and for supposed debt of creator?

Trust Beneficiary Rights

Deceased granted trust. I asked trustee to divide into 8 separate trusts, one for each beneficiary (all adults) because tax

Trust representation in Clark County, Washington

Son won a person lead suite 2010, 2015 only learning disability now he's 18, still live with mom, can trust be changed

Do all IRA's have a trustee to administer the account?

Trust Had a No Contest Clause: Will stipulating on a Cause of Action favoring defendant make the No Contest Clause enforceable?