In CA can a fiduciary trustee delegate her duty to update beneficiaries to her attorney who is also paid by the trust?
Stephen's answer
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Answered on November 17, 2024
First of all who is the trustee in relation to the original Grantor of the trust? Is the Grantor still alive? Is the Grantor and the Trustee one...
My sister owns the house that my parents live in. Can we "gift" the house to my parents so they can do a reverse mortgage?
Stephen's answer
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Answered on November 17, 2024
" My sister owns the house"
" Can we "gift" the house"
Something not adding up, your sister owns the house meaning title is in her sole...
W9 exemption codes? life ins is requesting W9. it is to be deposited into the trust/estate bank acct. 19yo beneficiary only
Stephen's answer
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Answered on November 16, 2024
"Given that the trust/estate is the beneficiary of the life insurance policy, with your 19-year-old son as the trust beneficiary".Something not...
Can I sue for negligence after two years?
Stephen's answer
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Answered on November 16, 2024
If the extra 1500 foot space was diisclosed as living space and that was material to your decsion whether to buy, yes you may have claims against...
Certification 23 of lender's appraisal?
Stephen's answer
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Answered on November 15, 2024
You need to consult with a torts litigation attorney who handles negligence cases. When you have the consultation make sure you bring all the...
How do I preserve my mortgage rate if I have an ABC trust as the holder of the mortgage?
Stephen's answer
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Answered on November 14, 2024
You state "Our property has a home loan under the name of the original trust with her social security number as the listed account client." So was...
How to terminate a single member L.L.C. in California formed in 2021 that has not conducted business or filed taxes?
Stephen's answer
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Answered on November 13, 2024
You will need to dissolve the LLC but there are some important 1st steps before you do.
1. First, hold a meeting whereby you vote to dissolve the...
Can a quitclaim invalidate a trust as to the proceeds from selling the house?
Stephen's answer
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Answered on November 12, 2024
In my opinion the quitclaim would not invalidate the trust but the trust may invalidate the quitclaim deed. There is lots of missing information...
Can I contest a living trust if the settlor is alive?
Stephen's answer
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Answered on November 09, 2024
In Calif. a trust cannot be contested if the grantor is still alive. The trust is revocable while still alive. You state: " I believe these assets...
As a trustee of a trust of my deceased parents am I considered a new owner of the property?
Stephen's answer
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Answered on November 08, 2024
The answer all depends on the terms of the trust and the authority given to the successor trustee over the trust assets.
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