Archived
My father passed away, the person in charge of taking care of his trust and will says that everything can be dispersed quicker
Michael's answer
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Answered on September 01, 2014
Better to have clarity and specifics. Ask for a Fiduciary Accounting to be on the safe side. Specifically ask that it be prepared in accordance...
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Archived
If someone dies who was the custodian of a child's stock account, does the money in that account become part of his estate?
Michael's answer
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Answered on September 01, 2014
No it does not. The funds in the account still belong to the child - who is entitled to them upon reaching the age of majority.
Archived
An account with 350k + was not added to the pot as it were for my stepdads estate..my mom was executrix..she hired atty..
Michael's answer
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Answered on September 01, 2014
Definitely take any documentation you have and sit down with an Estate Planning attorney. See Avvo.com and click on 'Find-A-Lawyer'. Then listen...
Archived
How does my mom get my sister out of her house?
Michael's answer
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Answered on September 01, 2014
Put the house on the market. Put a 'For Sale' sign in the front yard. Mom needs to notify your sister to move in writing and if necessary to have...
Archived
What is a full step-in basis as beneficiary of a Trust?
Michael's answer
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Answered on September 01, 2014
Upon the death of Dad, the heir(s) who inherit receive a 'Step-Up' in basis, meaning that the NEW value of the inherited property is the value on...
Archived
If the POA is signed by the person giving me this right, is in another state, Can I have it notarized in my state?
Michael's answer
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Answered on September 01, 2014
The person granting the power should always have it signed & executed in the state in which he or she resides.
Archived
CA: FTB transcript for an irrevocable trust
Michael's answer
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Answered on September 01, 2014
Interesting situation. Have a California Estate Planning attorney prepare an Affidavit of Trust and deal directly with the California Franchise Tax...
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Archived
Tax-free withdrawals by beneficiaries from Irrevocable Gift Trust (IGT)
Michael's answer
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Answered on September 01, 2014
These are specific questions regarding the Trust instrument that we have not reviewed. Sit down with an Estate Planning attorney and go through...
Archived
Are recorded conversations generally allowed in probate hearings as methods to prove facts?
Michael's answer
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Answered on September 01, 2014
Each state jurisdiction has handled this in slightly different ways. So it is a question best resolved by looking at state law for the...
Archived
Hello. I was made a co-trustee of a vehicle trust so that I could update information. I would like to terminate my interest.
Michael's answer
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Answered on September 01, 2014
Typically a trust document itself will specify exactly to whom notice of resignation must be given and in what format.
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