Archived
I was a victim of larceny. some guy stole my iphone. There are two other witnesses who didn't get subpoenas for a court meeting.
Michael's answer
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Answered on August 26, 2012
This is not a major case. However, the phone is of value to you. Your best bet is a meeting with the Prosecutor handling the case. See what your...
Is it possible for a S corporation to issue a fractional share of stock in the form of a stock certificate?
Michael's answer
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Answered on August 26, 2012
I concur. The Bylaws of the Corporation control the outcome of your question. Additionally, consider the fact that 'S' corporation stock can only...
Archived
LIFE INSURANCE POLICIES
Michael's answer
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Answered on August 26, 2012
When the policy ownership was transferred your son became the 'owner' of the policy (and I assume here that he is also the beneficiary). If the...
Archived
How do assets get dispursed?
Michael's answer
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Answered on August 26, 2012
Your Uncle's estate will likely be controlled by California law if he was domiciled in California at the time of his death. The law of "Intestate...
What is the difference between "living rights" & "life estate"?
Michael's answer
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Answered on August 26, 2012
I'd proceed with caution. The opportunity of a 'Step-Up in Basis' is in fact lost if the Property is transferred to your sibling & yourself while...
Can a marriage license supersede a power of attorney?
Michael's answer
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Answered on August 26, 2012
Age does not automatically make your Dad 'Incompetent'. Under a Power of Attorney, a person can basically name a spouse or anyone else to act under...
Archived
What do I need to file with the court in order to force my deceased mom's estate into probate?
Michael's answer
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Answered on August 26, 2012
There are two ways to go. First if you can obtain even a copy of her Last Will & Testament (check with the attorney who wrote it), you can deposit...
Archived
What's the total dollar amount of typical annual ongoing expenses of a Charitable Remainder Trust ?
Michael's answer
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Answered on August 26, 2012
I concur with Steve. You have three sources of informtion - first an experienced California Estate Planning attorney who has done Charitable...
Where do I find "letter of administration or testimentary estate" as requested by reverse mortgage bank, in an estate organizer?
Michael's answer
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Answered on August 26, 2012
The Estate Organizer as you call it sounds like a collection papers, documents, deeds etc. all in one binder or accordion style folder that...
Archived
I am the trustee, executor & benificary of my dads trust. I have a judgement & writ against me. Is the trust safe?
Michael's answer
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Answered on August 26, 2012
First of all, your Dad's Living Trust becomes IRREVOCABLE at the moment of his Death. Typically, when I draft a Living Trust, I make sure there is...
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