Archived
I own rental income property in different areas. I collect rent and manage the properties, income tax is paid, and tax returns
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Answered on March 04, 2013
I agree with the other attorneys. There is nothing wrong with dealing in cash, but unfortunately in today's economic climate, the IRS and FTB are...
Archived
There is a trust fund that was sat up for me when i was younger and there is no money left, can i sue my father for spending it?
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Answered on February 23, 2011
I am very sorry to hear of your circumstance. Its very possible that medical bills could have eaten away at the trust funds, however, if you...
Archived
What are my options?
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Answered on February 23, 2011
Unfortunately, its unclear what "paper" you are referring to, possibly a will, a deed, a trust?
If the document simply allows your mother to...
Archived
Trust
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Answered on February 21, 2011
Stay on top of the Trustee to keep the beneficiaries informed. Remind the Trustee that their sole purpose is to protect the assets for the sake of...
Archived
I live in california and my mother just passed away in November of 2010. My mother apparently made a will and a trust.
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Answered on February 21, 2011
My condolences regarding your mother. I would immediately contact an estate planning attorney to review both the will and the trust. It's unclear...
Who is legally entitled to settle an estate: Conservator of Deceased/Trustee as listed in the Living Trust/Executor as listed in
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Answered on February 21, 2011
In short, the conservator does not "automatically" receive the property upon the passing of the decedent. The decedent's estate plan (will and/or...
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I was told I did not need to have my father's will probated.
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Answered on February 21, 2011
Typically a will is probated, unless all the assets are either:
1. allocated by operation of law elsewhere, such as beneficiary declarations,...
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Inheritance taxes
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Answered on February 21, 2011
The executor is required to file a final Estate Tax Return. Any Estate tax would be paid out of the Estate, rather than the beneficiary...
Embezzlement of money from a Trust
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Answered on February 17, 2011
Before going down the criminal path, I would immediately consult an estate planning attorney and get a formal legal opinion as to whether, based on...
Archived
Community Property
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Answered on February 17, 2011
In California property is separate if you owned it prior to marriage, if you inherited during marriage, or if you received it as a gift during your...
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