When a house is released from a family trust to a descendant of the deceased, what is the ownership date?
Stephen's answer
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Answered on July 12, 2023
It is confusing as previous counsel indicated. If there was ( as there should have been, assuming your facts are correct?), a deed transfer to you...
If a life estate terminates when Grantee "can no longer live" there, does that happen automatically or is there a process?
Stephen's answer
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Answered on July 10, 2023
Usually as I'm sure you know, a life estate terminates at death hence the word "life" estate. What the author of the contract has tried to do is...
Can one of the owners in tenants-in-common ownership of the property in CA force the other owner sell the property?
Stephen's answer
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Answered on July 08, 2023
I agree with attorney Daymude if your "partner" files a partition action and you are served with a summons and complaint and if you fail to file a...
What steps do I have left after I have notarized all my documents?. Revocable living trust, and is a will also a pour over will
Stephen's answer
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Answered on July 07, 2023
Never ever do this yourself. You may be doing your heirs a big disfavor by taking on drafting these estate documents. If you are asking whether a...
What do you have to do to create a ca living trust if there are 3 people listed as homeowners? mom, dad,and son.
Stephen's answer
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Answered on July 07, 2023
This question if not mistaken, was already asked but in a little different fashion. Correct me if I'm wrong, your brother is on title with your...
Should i be added as joint tenant or should my parents sever their current joint tenant contract that includes my brother ?
Stephen's answer
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Answered on July 07, 2023
In order for your parents to move forward with their current intent a trust and estates attorney would need to see how title was held BEFORE its...
LLC divorce and current assets division?
Stephen's answer
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Answered on June 29, 2023
Please refer to the LLC Operating Agreement as there should be provisions in the Agreement dealing with a buy out of a Member's interest. If not...
Why would an estate attorney refuse to do any irrevocable trusts ever?
Stephen's answer
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Answered on June 29, 2023
I kind of get where your father may be coming from, which is to get assets out of the estate for tax purposes. Or if he has creditors he is trying...
Any ramifications with changing to a LLC from a private party in reference to the below situation.?
Stephen's answer
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Answered on June 24, 2023
A very very strange request. What is the buyer's motive in requesting this? By assigning the property to his LLC it will not be a conventional...
I’m selling my house to a private party and already in escrow. . I just got a request from escrow to amend & assign it to an LLC
Stephen's answer
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Answered on June 23, 2023
Is the house used for residential purposes or was it being rented? Did escrow give reasons for transferring it to an LLC? If so, what were the...
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