What kind of management does a Trustee do for beneficiaries during trustor's lifetime or after death when trust terminates?
Stephen's answer
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Answered on August 28, 2024
The named trustee is usually the the same person as the trustor while still alive, who can make all decisions regarding investment of the assets,...
Does a Trustee of a living trust distribute the asset they received to the beneficiary during the trustor's lifetime?
Stephen's answer
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Answered on August 28, 2024
Not unless there is a provsion in the trust requiring the trustor's consent to do so.. Absent consent, could cause a conflct with trustor's...
May only a grant deed to a Trustee of a living trust be revoked by a Trustor, or may a seller revoke a grant deed to a buyer 2?
Stephen's answer
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Answered on August 28, 2024
It would help if you would tell us what are trying to accomplish to give more context to these questions. The trustor can revoke the trust any time...
How should I handle a situation where my neighbor wants me to trim my trees to a specific height for a property I just bought?
Stephen's answer
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Answered on August 26, 2024
All very good questions some of which are hard to answer because the growth of tree branches can be different for each property. The obvious case...
What happens if u pass away while waiting for an inheritance.
Stephen's answer
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Answered on August 26, 2024
I agree with attorney Firth that all documents should be reviewed.
You state: "Can u will something to somebody else if you do not actually have...
Owner occupancy clause mortgage contract- I don’t feel safe in my house and want to sell. How?
Stephen's answer
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Answered on August 25, 2024
You need to have a real estate contracts attorney review the agreement. There may be grounds for restricting a sale sooner than one year such as:...
Do we need to edit or redo a Trust if we move? We are in C and are hoping to stay.
Stephen's answer
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Answered on August 24, 2024
As long as you remain a resident of California the trust is valid in California. State trust law is applicable to all parts of California southern,...
Franchise tax board asking for 2020 tax return but LLC has been dissolved and filed 2019 final tax return.
Stephen's answer
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Answered on August 23, 2024
I think you should enlist the services of a tax CPA. One with knowledge of how the Franchise Tax Board operates. Let him or her present your...
Can you legally do a 1 year only lease?
Stephen's answer
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Answered on August 23, 2024
Yes, you can have a 1 year lease and if they don't vacate after the 1 year the lease term expires. Provided in LA county there is no prohibition,...
Creating a Trust for Minors in CA
Stephen's answer
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Answered on August 23, 2024
A trust technically cannot hold assets without distribution more then 21 years.
The life insurance can be distributed to the trust IF the trust...
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