Archived
Are there legal consequences if I add my domestic partner (not registered) on title to a property I recently purchased?
William's answer
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Answered on May 17, 2013
You might try negotiating a right to transfer to your partner before you close the loan. Unfortunately, it is unlikely the lender will aprove such...
Archived
Is a living trust necessary if my domestic partner (not registered) own property together?
William's answer
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Answered on May 17, 2013
Mr Schultz is correct. Please get counsel. There are "safety" laws in effect to protect spouses if a death occurs without porper planning, but...
My brother and I are named as successor co-trustees to my parents trust. If one parent dies what are our duties?
William's answer
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Answered on May 17, 2013
You really need to read the trust nstrument carefully to determine what its provisions are as to the successor trustee. As noted by others, it is...
Archived
I am thinking of having a Revocable Living Trust. But i am not sure how my kids debt/ (cc debt) can effect my property.
William's answer
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Answered on May 17, 2013
I agree with Charles response. A living Trust is designed to avoid probate at yoru death, but it does not give any interest to your children at...
Gifting interests in Family LLC to minor children
William's answer
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Answered on May 16, 2013
Minor children are not legally allowed to own property. You can transfer if for their benefit by creating a trust to hold title, or by making a...
Filing form 706 with IRS. My husband passed away this year. We have total asset of around 9.8 million.
William's answer
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Answered on May 16, 2013
I strongly reccomend filing the 706. That said, we don't have enough information to advise you more effectively. Is any of the property separate...
Archived
Can my Mom's Trustee (a bank) take, open and read my mail?
William's answer
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Answered on May 16, 2013
I agree with both posted answers. I would be concerned, on a practical level, about why you would want to create an adversarial relationship with...
Archived
MY sister and I are beneficiaries of my recently deceased mother's Trust. What needs to be done now. Is legal counsel necessary?
William's answer
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Answered on May 16, 2013
If you and your sister are in agreement as to how matters should be handled, I would suggest a consultation and documentation of your agreement as...
Archived
Trustee asked for my bank statment.
William's answer
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Answered on May 09, 2013
I agree that you have to know a lot more to answer your question. You have little choice other than to tell the trustee the truth and see what...
Archived
I was recently asked to be the Trustee of a friend's living trust. I agreed and I understand the fees are statutory.
William's answer
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Answered on May 09, 2013
Statutory fees are set for executors in a probate. A trustee is entitled to a "reasonable fee" unless the instrument states something else. Charge...
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