Archived
My aunt has passed away leaving me the house as a life time use, with all expenses paid out of the trust. Trust will be depleted
Michael's answer
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Answered on June 20, 2014
Sit down with an Estate Planning / Elder Law attorney right away. See 'Find-A-Lawyer' at the top of this web page. Good Luck !!
Archived
Trust clause states there must be a unanimous vote to remove Trustee. If it is typo is original law office held accountable?
Michael's answer
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Answered on June 20, 2014
Sit down with an Estate Planning attorney. Have your Attorney file a Motion to Compel a Complete Fiduciary Accounting with the appropriate Probate...
Archived
My husband has 'Parkinson's disease' and can't get 'LTC '. I was able to. We have a revocable trust. We have some concerns.
Michael's answer
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Answered on June 20, 2014
In any event, you'd be well-served to sit down with an Elder Law attorney to discuss your best options going forward. You can find a qualified...
Archived
Will My wifes savings account affect My senior citizen benefits?
Michael's answer
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Answered on June 20, 2014
It certainly won't effect your Social Security benefit amount but could have an effect Medicaid benefits.
Archived
We had a benefit when my father passéd away 5yrs ago. It was designated that the money would first pay back the man
Michael's answer
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Answered on June 20, 2014
File a Lawsuit for Fraud and Infliction of Emotional Distress. You need a Litigation Attorney. See 'Find-A-Lawyer' at the top of this web page.
How do I determine the value of my mothers home. She had a life estate and has died. Is it the value at the time of her death?
Michael's answer
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Answered on June 19, 2014
Look for the 'Step-Up in Basis' value, which is the Value as of the Date of Death.
Selected as the best answer
Archived
Does a trustee for a revocable trust have any fiduciary obligations while the grantor is still alive?
Michael's answer
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Answered on June 19, 2014
Okay, let's back up. First, the Grantor IS the only Trustee of a Revocable Living Trust unless & until the Grantor becomes disabled or dies. Only...
Archived
Are there lawyers available that help with the process of submitting a Court Order for property succession for less than $1000?
Michael's answer
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Answered on June 19, 2014
Definitely get an Estate Planning attorney involved. See 'Find-A-Lawyer' at the top of this page.
Archived
Estate bank account overdrawn. no accounting of estate available from executrix
Michael's answer
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Answered on June 19, 2014
Have your Attorney file a Motion to Compel a Complete Fiduciary Accounting.
Archived
Are transfers to establish and fund trusts taxable?
Michael's answer
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Answered on June 19, 2014
No - you are merely transferring ownership from YOU to YOU-AS-TRUSTEE. Non-Taxable Event.
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