Can a life estate deed be changed after one of the beneficiaries dies?

Unfortunately, the answer is, no. The deed to you and your siblings reserving a life estate effected an immediate gift of the remainder interest...

Am I entitled to know the assets of my dad's estate?

Under California Probate Code Section 16061.7, you as an heir of your father and a beneficiary of his trust are entitled to the notice set forth in...

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What paperwork is needed for living-in partners to protect themselves in case of diminished capabilities?Both have kids

If you're not married, the presumptions built into the laws of inheritance, access to financial and medical records and custody of minor children...

Revocable trust

Changing the ownership of your IRA to that of your living trust will effect a taxable lump distribution of your IRA to your trust. Therefore, the...

My mom and Dad have no debt and their houses are paid in full. If I am named executor of estate will I ge able to sell the asset

I agree with the posts already made on this issue and would add some further thoughts. Your parents may also benefit from having Estate Tax...

Taxes on Inherited House

Your daughters will be liable for mortgage payments and property taxes until the house is sold. Depending on the size of your total estate there...

Is my nephew being scammed by his stepdad and stepdads' attorney?

Insurance proceeds are usually payable directly to the beneficiary named in the policy and would not normally be an asset of the insured person's...

Can the state take the home away from 2 people when 1 goes to the nursing home?

Whether the Oklahoma Medicaid program looks for reimbursement for care provided to the person going into nursing care depends first on whether that...

Assuming that your father's will is valid, the house will be distributed to you through the probate administration of your father's estate. You...

Can a portion of the value of a house be gifted one year and then another portion the next year for the same property?

Yes. If you wish to have the gift fall within the annual Federal Gift Tax Exclusion of $13,000 per person per year, you should have a real estate...