Archived
Hello, I am a recent widow. My husband and I had a split trust which is now in my name only.
We have two adult daughters.
Michael's answer
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Answered on August 29, 2014
I'm sorry for the loss of your Husband. Normally a joint Trust by husband and wife Already INCLUDES the power to Amend and Update the Trust. Your...
Archived
Are amendments to revocable living trusts legal and binding?
Michael's answer
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Answered on August 29, 2014
The trustee is a fiduciary - with a Duty of Loyalty to the Beneficiaries once the Grantor has passed. The trustee's JOB is to Follow the Trust...
Archived
Settling a Florida irrevocable trust
Michael's answer
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Answered on August 28, 2014
I would recommend making sure that a complete Fiduciary Accounting has been completed and verified. I'd also recommend sitting down with a Trust...
Archived
My mom passed five years ago and left her family home to me, my sister, and my deceased sister's son and daughter.
Michael's answer
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Answered on August 28, 2014
You say the house was left to you but was her Estate every PROBATED to confirm the change of ownership?
Archived
Can an attorney drafted a revocable living trust, become successor trustee and beneficiary?
Michael's answer
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Answered on August 28, 2014
There is a an ethical conflict-of-interest at play here. Its better if the attorney who had a hand in preparation stayed out of it. I'd take the...
Archived
What should be done about trustees neglecting to keep the beneficiary informed about a trust.
Michael's answer
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Answered on August 28, 2014
Have your Attorney file a Motion with the Court to (1) Take Jurisdiction over the Trust; (2) Compel a Complete Fiduciary Accounting and (3) Replace...
Archived
When children inherit property do prior leans on there property go against inherited property?
Michael's answer
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Answered on August 28, 2014
Not necessarily. The pre-existing liens are against property he already owned at the time the debt was incurred. If the debt is owed to the IRS and...
Archived
Can my Fatherin law leave a resident to a stranger when in my mother in law will said it shall go to her children in his passing
Michael's answer
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Answered on August 26, 2014
A person with a Life Estate (meaning he can stay there for the remainder of his life) cannot leave the residence to someone else. He has no such...
Archived
My mom is suing me and five others for my Dad's life insurance money, should I get an attorney?
Michael's answer
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Answered on August 26, 2014
If the Marital Settlement Agreement - which constitutes part of the Court Order as to Dissolution of Marriage pre-dates the beneficiary...
Archived
Hi, My attorney contacted my Bank via letter and requested my financial information and the bank supplied my financial records
Michael's answer
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Answered on August 25, 2014
There seems to be information missing here. Normally your attorney would request information in the course of representing you on a matter. I...
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