Does a successor trustee have a fiduciary responsibility to a beneficiary for an act of fraud committed by the predecessor?
Stephen's answer
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Answered on February 06, 2024
I think an argument can be made that as part of the successor's fiduciary duty to manage the estate assets for the benficiary(s) of the trust, that...
House/property sale reversal?
Stephen's answer
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Answered on February 06, 2024
Absent fraud, duress, some wrongdoing by the buyer or the agent, if any, that led to, or enabled the transaction, causing your uncle to sell, the...
Can a life estate holder of a rental property sell the property without agreement with the remainder beneficiary to do so?
Stephen's answer
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Answered on February 03, 2024
A life estate holder is not the owner of the property. She only has the right to live in the home expense free ( no property taxes to pay, no...
I have POA for parent, her property sold, had reverse morgage, can I dile a claim on parent behalf for wrongful loan, scammed?
Stephen's answer
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Answered on February 03, 2024
The thing Mr. Arrasmith left out, is whether the POA states you have authority to file a suit on behalf of
a parent? You need to consult with a...
Does a subsidiary's operation necessitate foreign entity registration for the parent company?
Stephen's answer
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Answered on February 01, 2024
Its a good question. You state:
" and CONDUCTS BUSINESS within California." emphasis added. Arguably a subsidiary company is acting like an agent...
disbursed funds from trust w/o
going to court
Stephen's answer
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Answered on January 31, 2024
" disbursed funds from TRUST w/o going to court." emph. added.
I don't know if this is a mistake by the author of this question as worded? But...
How can I access the funds in a bank account that my deceased husband set up prior to our marriage and that I was not added to.
Stephen's answer
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Answered on January 30, 2024
You need to check the Trust document carefully to see if there is language whereby you as the successor trustee have the power to close out...
If the income passes to the member, what money does an LLC have in its name to buy property?
Stephen's answer
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Answered on January 30, 2024
The money that was presumably put into the LLC when formed, as working capital by each and every Member. The money invested by the Members is held...
The income owned by a LLC "passes through" its member. Does property? I mean, real estate?
Stephen's answer
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Answered on January 30, 2024
Real Estate nor any other tangible asset (personal or real property) "passes through" to a Member.
Real estate can only transfer by deed not to...
How do I get a company to honor my recent requests?
Stephen's answer
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Answered on January 26, 2024
Sounds to me as though the company may have gone underground. Are you making your "requests" in writing and mailing them to the company's last...
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