Archived
If a estate has most of the assets in a trust some are in a will and it requires a IRS return
how long to distribute will?
William's answer
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Answered on May 31, 2013
There is simply no easy answer to your question. It really depends on the complexity of the factual circumstances. Will a probate proceeding be...
Archived
Why would you change a property from a living trust to a residual trust after one of the trustees passes
William's answer
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Answered on May 31, 2013
It is not unusual that at the death of one spouse, the trust instrument makes provison for the creation of a separate subtrust. I assume that this...
Archived
Using annual exclusion limits to gift LLC interests to children via UTMA
William's answer
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Answered on May 30, 2013
I agree with the other responding counsel that this is not a do it yourself project. Use of a CUTMA structure does not automatically make the...
Archived
I am buying a property from the sole beneficiary of an estate that needs to be probated. The sole son of the deceased father,
William's answer
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Answered on May 22, 2013
The simple answer is that you need a lawyer to help. A deed from the son is useless, as he does not own the legal title to property. No one has the...
Archived
What assets are written up on death of one spouse in an AB Trust? Community property state. Assets are real estate and stocks
William's answer
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Answered on May 22, 2013
You will need to seek counsel to get an effective answer. Assets are allocated pursuant to the terms of the trust. They are usually allocated by...
Archived
My mother just passed and left a 401k with myself as beneficiary. Now what?
William's answer
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Answered on May 17, 2013
To obtain payment you will need to provide the holder of the account a death certificate and proof of your identity as the beneficiary. They will...
Archived
When is an Installment Land Contract perfected under the laws of California so that one can qualify for the mortgage interest
William's answer
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Answered on May 17, 2013
If this is a true land sale contract (where the seller keeps the title in the sellers name until it is paid off) , you are the equitable owner, and...
Archived
My husbands step daughter has a car in name. And she has paid all the payments. Does that make her the owner of that car?
William's answer
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Answered on May 17, 2013
Agreed. He is the registered owner. Sign the pink slip and have registration transferered. Your daughter should be eligible for family exemptions...
Archived
How can I get the title for the car?
William's answer
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Answered on May 17, 2013
Tha answer is realtively simple. Pay the bank. You can then try to get money from your brother if he has funds.
Archived
Can a non-profit divert solicited, unsolicited and public funds from its original activities to pay executive salaries?
William's answer
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Answered on May 17, 2013
You do not explain what your relationship is to the non profit. This may be relevant. The California Attorney Generals office has a charitable...
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