Archived
Does the trustee (my sister) have the right to ask each beneficiary to prepare a spreadsheet with values of items received?
Michael's answer
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Answered on June 17, 2015
The trustee has a duty to get receipts from the beneficiaries when they receive distributions from the Trust in order to document that she has...
Archived
Can a mother whose rights have been terminated, request guardianship over the foster mother who has guardianship now?
Michael's answer
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Answered on June 17, 2015
Yes, take all the information and paperwork to a Family Law or Estate Planning attorney and seek a Motion before the Court so that you can obtain a...
Archived
A living trust was created on my behalf . Im the beneficiary
Michael's answer
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Answered on June 17, 2015
Usually the beneficiary of the Living Trust is the Grantor for as long as he or she lives - or if they are married until the Surviving Spouse...
Archived
Which information are legal to discuss with others about living trust if I am someone else's successor trustee?
Michael's answer
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Answered on June 16, 2015
There is no Attorney-Client privilege that exists between you. On the other hand, it is confidential and you may want to discuss it with your...
Archived
What Civil Code Section states that a letter of resignation of a co trustee must be notarized?.
Michael's answer
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Answered on June 16, 2015
Actually a letter of resignation is not REQUIRED to be Notarized - although a signature notarized does enhance its credibility. It actually...
Archived
Dad left $2,000,000 to be poured into an inter-vivos trust for 8 grandchildren, with 3 distributions each at set ages. I asked
Michael's answer
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Answered on June 16, 2015
Yes - but the separate accounts (one for each of the grandchildren) is really just an Accounting issue. The Trustee may not be aware of HOW to do...
Archived
Is there any way to protect my fathers assets, we need to put him in assisted living.
Michael's answer
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Answered on June 16, 2015
This is exactly why Adult Children of Elderly Parents need to Plan Ahead. The 5-Year "LookbacK" makes it hard on Seniors to get quality senior...
If the general partner of an LLLP is a person acting as the trustee of a Revocable Trust
Michael's answer
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Answered on June 15, 2015
The same person is / was wearing "two different hats". The Triple LP will have a new General Partner according to the succession plan within the...
Fidelity has frozen a living trust account because co-trustee has dementia & other is to be allowed to act..they refuse.
Michael's answer
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Answered on June 15, 2015
I concur with my colleague. A clear Certificate or Affidavit of Trust which sets forth the Power inside the Trust which allows the Co-Trustee to...
Selected as the best answer
Archived
What is the inheritance process in Minnesota?
Michael's answer
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Answered on June 15, 2015
Have a Minnesota-licensed Attorney help you in this Probate Case. If your Mother died without a Will she is said to have died "Intestate" and state...
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