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Can CA Revocable Trust transfer title of the house it owns to NV LLC? House is located in CA. it is not rental property.
Armen's answer
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Answered on April 15, 2015
The short answer is yes. If the Trust itself does not prohibit it (e.g., the trust is fully revocable and the settlors of the trust are in...
What is involved to ammend a third part special needs trust? the grantor wants to change trustees. do we need to go to court?
Armen's answer
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Answered on April 15, 2015
Read the Trust. It should have provisions regarding changes to Trustees (including removal, resignation, and filling vacancies in office). If it...
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Does my father in law need to disclose to my wife what she is entitled to under the trust after her grandfather passed away?
Armen's answer
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Answered on April 15, 2015
When you say you wife is in the Trust, I take it you mean that she is a named beneficiary of the Trust. And her father is the "Trustee" of the...
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My father just died and has a living trust. He did not officially transfer any of his assets into it. What can be done?
Armen's answer
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Answered on April 15, 2015
Short of a Probate of the Estate, if the Trust sufficiently lists the properties but the assets are not titled in the name of the Trustee of the...
What to do when the Successor Trustee of an irrevocable trust dies?
Armen's answer
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Answered on April 14, 2015
Sorry for your loss.
Unless your great uncle's trust is a court supervised trust, nothing needs to be filed with a court. Nothing needed for the...
Archived
As a lender with a personal. Trust. What is the proper vesting to insure that I as Trustee have the loan in my trust?
Armen's answer
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Answered on April 14, 2015
Your question is not very clear. Are you asking how to transfer a loan on which you are the lender to your trust? or are you asking how to...
For an AB trust, at what point is the step-up basis calculated?
Armen's answer
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Answered on April 14, 2015
The advantage of an AB trust is not capital gains tax savings. It is a saving of Federal Estate Tax.
You are correct in that assets placed into...
Archived
My cousin supposedly has POA over my grandma. Can my dad get Conservatorship since hes the oldest son? how can he go about it?
Armen's answer
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Answered on April 09, 2015
If your grandmother no longer has the mental capacity to revoke the current power of attorney and to execute a new one naming your father as her...
Archived
I live in California and receive ssdi, medi-cal & medicare. if I inherit money will medi-cal try to get retribution for meds?
Armen's answer
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Answered on April 08, 2015
You should consult with an attorney to explore what you can do.
There may be disclaimer options, or a court petition to establish a first party...
Archived
Do we need new substitute trustees
Armen's answer
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Answered on April 06, 2015
The Trust may already provide for alternate successor trustees in the event the first successor trustee is unable or unwilling to act. If, as...
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