Since trustee is legal owner with power over beneficiary to encumber or sell the property, how safe is it to name a bank?
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Answered on July 21, 2024
The trustee is there to act in the best interest of the beneficiary(s). There should be no"power" over a beneficiary. The trustee must make prudent...
Can I create an LLC for investing in Real Estate even if I have a Real Estate License in California?
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Answered on July 17, 2024
If licensees cannot practice as a licensee thru an LLC I don’t think you are prevented from using an LLC for flips and holds because you are...
I hold title to my home along with my wife in our joint trust and we want to Homestead.
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Answered on July 12, 2024
It depends on whether your homestead is a declared homestead or an " automatic" homestead. A declared homestead is presumed valid from the start....
Who gets the funds from a CD if the owner passes away and the beneficiary is a minor? The minor is a product of divorced parent
Stephen's answer
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Answered on July 10, 2024
Do you have a revocable living trust and if so, who is the named successor trustee after you pass? If there is no trust you may want to rename...
What type of structures (trusts/ corporate) are great for us citizens to receive inheritance from foreign relatives?
Stephen's answer
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Answered on July 09, 2024
A lot of missing information makes it difficult for Avvo attorneys to answer accurately.
As far as transference of assets post death what type of...
Reg: Amendment to trust?
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Answered on July 09, 2024
I agree with attorney Webb and suggest you consult with aother trust or estates litigation attorney to get another opinion on how to go about...
Spouse wants to buy me out of our house and wants me to pay half the real estate fees and capital gains in case he sells later.
Stephen's answer
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Answered on July 09, 2024
The subtext here is that you are getting divorced? If so, are you represented by a family law attorney? Is the " buyout" agreement to be made part...
May I know how much would it cost to create Will & Living Trust ?
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Answered on July 08, 2024
As written above there are a lot of factors involved. It is very difficult to answer in this forum. If you would like to message me your phone...
We lost the contract for a home renovation project. What can we do? Los Angeles, CA.
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Answered on July 06, 2024
It is arguable that a contract was formed by the parties' actions. They paid some money and you did some work. The problem is that they did not pay...
Is it legal for my parents to seize ownership of a house they gave to me & I lived in for 15 yrs. sell it& keep the proceeds?
Stephen's answer
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Answered on July 05, 2024
I totally agree with attorney Armstrong. It all depends on who is on title? Is it you and your late husband or is it in the names of your parents?
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