Can a trustee take out a loan on a rental property that is in an irrevocable trust?
The answer may turn on 1) what the trust itself says about that issue and2) whether the loan is for trust purposes or your own personal purposes....
Los Angeles, CA
Trusts Lawyer at Los Angeles, CA
Practice Areas: Trusts, Limited Liability Company (LLC)
The answer may turn on 1) what the trust itself says about that issue and2) whether the loan is for trust purposes or your own personal purposes....
In California there is no "automatic" right to inheritance between 2 parties unmarried and /or unregistered as domestic partners. Community...
You might want to also consult with a family law attorney to find out "what's next." You have both community property issues and real estate issues...
You need to hire an estates litigation attorney as soon as possible to represent you and your interest in the estate. He or she would be able to...
It is not clear from your facts whether you intend to transmute the property from your separate property 100% to you and your wife 50/50 as...
If you already have a family law attorney representing you ask him or her your questions. If you are not yet represented you had better do so right...
As I understand the way the trust is set up, your mother is the sole beneficiary. If she did not name you as also beneficiary you are not a...
Naming the two beneficiaries, I assume you are referring to your husband and daughter from the previous marriage?) as beneficiaries of the TOD...
I concur with Attorney Straus that under Probate Cod 16061.7 you have the right to make a demand for a copy of the trust and to take legal action...
You need to consult with an estate planing/litigation attorney to review your situation and find out your options. Good luck.