Archived
I am having a problem finding a Power of Attorney for my Mom's Irrevocable trust. Is it possible to get one on this site?
Michael's answer
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Answered on July 06, 2013
Seems you may be mixing Apples with Oranges. If you are the Trustee of your Mom's irrevocable trust, then you already have the powers needed. If...
Archived
My husband just died - we have an AB trust. When should his children receive designated funds?
Michael's answer
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Answered on July 05, 2013
I'm sorry for your loss. As Co-Trustee, you continue just as before -- UNLESS the Trust distribution provisions in the trust document specify a...
Archived
Shoud I register my business as an LLC?
Michael's answer
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Answered on July 05, 2013
You're wise to use the LLC form of business. It allows you to grow your business and protect yourself as to debts & liabilities personally. Good...
Archived
Fiduciary has not offered any documents/financial accounts, Nada after repeated requests, can I file a complaint as I am heir
Michael's answer
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Answered on July 05, 2013
Yes - you can ask the Court to REMOVE the Trustee for Breach of Fiduciary Duty, and to order him to produce all records and a full accounting. You...
Archived
My sister who has POA put my mother in a nursing home and is selling all of her belongings and keeping the money. Is that legal?
Michael's answer
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Answered on July 04, 2013
She has a Fiduciary Duty to benefit your Mother, not herself. That is a violation of the extreme trust that your mother showed her in giving the...
Archived
If a person makes a living trust, and the information is incorrect, is this a legal document,or is it null andvoid.
Michael's answer
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Answered on July 04, 2013
The Trust is not void. You need to prove up your statement to the Trustee with any documentation you have (i.e. cancelled check, etc.). Good Luck!
Archived
Does the exectior of the estate have the power to put property owned on the market?
Michael's answer
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Answered on July 04, 2013
It is normal for the Executor to liquidate property not designated for specific recipients. The proceeds of sale are then usually divided among the...
Archived
Can a successor trustee/1/3 beneficiary of a Family Trust who is also the Managing Partner of a FLP legally move assets
Michael's answer
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Answered on July 04, 2013
You definitely need to sit down with an Asset Protection / Estate Planning attorney to get this resolved. Take your documentation with you and get...
Archived
Is it illegal to provide in home care services for non related adults for profit without being a business or having a license?
Michael's answer
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Answered on July 04, 2013
Idaho state law governs the providing of adult care - and it would be typical of state law to require a license so as to protect the public. ...
Can a beneficiary of a trust withdraw money from a revocable living trust, both before and after death of trustee?
Michael's answer
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Answered on July 04, 2013
The grantor is the person who established the trust. The trustee is the administrator. The person named as a Successor Trustee (after the death of...
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