Archived
I am setting up a will. As a teacher, one year from retirement, with one daughter, do I need to
set up a revocable trust?
Michael's answer
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Answered on August 01, 2013
You only need a Living Trust if you DON'T want your Estate to go through Probate or Conservatorship. Work with a licensed Estate Planning attorney.
Archived
How to remove a Trust amendment. I am a beneficiary of a trust either way . trust drafted 25 years ago.
Amended 6 years ago. MI
Michael's answer
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Answered on August 01, 2013
I concur. You need to be pro-active on this because of the fiduciary breaches of trust. Work with an experienced Estate Planning attorney. See...
Archived
Homestead Florida and Property Owned by Trusts
Michael's answer
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Answered on August 01, 2013
Carol & Mark have it nailed. That is precisely correct. Work with an Estate Planning attorney to make sure of your path going forward. Good Luck!
Archived
My father has a will. Does he need to put his assets in a trust account. His assets total about 230,00.00.
Michael's answer
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Answered on August 01, 2013
He should only put those assets into a Trust if he wants to avoid Probate. See Avvo.com under Find-A-Lawyer and look for an Estate Planning...
What would be the average cost to update an existing family trust to current rules and regs? Trust was established in 1998.
Michael's answer
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Answered on August 01, 2013
The honest answer is 'it depends' on the extent of the work, what has been done before, updating to the current standards, and ensuring that the...
Archived
I need to find out if my company name idea will be illegal to use or if I can be sued for it later on.
Michael's answer
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Answered on July 31, 2013
Michael is right. You have two levels. I'd work with a Business Law attorney to stay on the safe side of compliance. See Avvo.Com under...
Archived
Sister is the primary trustee. I pay all taxes and insurance and live there. Does she have to pay me back before she can sell?
Michael's answer
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Answered on July 30, 2013
Review the trust document alongside the trust attorney. Follow the specific instructions. If you paid out-of-pocket expenses, how is that covered...
Archived
Magazine publisher owes me 5k in fees. She has written bad checks and done this to numerous other business'. How do I stop her?
Michael's answer
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Answered on July 30, 2013
A lawsuit might do the trick. Plus depending on the amount, you might be able to sue in Small Claims court. If the checks bounced, you can report...
How do u set up an irrevocable funeral trust? financial advisor, insurance person, funeral director?
Michael's answer
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Answered on July 30, 2013
You can also work with an Estate Planning / Medicaid / Elder Law attorney to prepare a Funeral Trust. Because it is considered by Medicaid to be a...
Can I live in NC and operate a business as an LLC in Delaware?
Michael's answer
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Answered on July 30, 2013
Generally yes. Avoid later problems. Work with a Business Law attorney to help you get the LLC registered first in Delaware (formation) and then...
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