Questions answered by James Arthur Gorton

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How to leave unequal shares of property to beneficiaries & keep Prop 13 transfer exclusion?

James's answer | Answered on September 08, 2009

If your mother leaves you and your sister her house and you buy your sister's interest out, the portion which you buy out will be reassessed to...

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How is my estate both assets property and cash protected only for my child in event of of her failed marriage after my passing.

James's answer | Answered on September 04, 2009

Any property which you leave to your child following your passing would be her property, not that of the child's spouse. Your child, however,...

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I am 50 years old and do not have a will. I am single and have assets over 1 million dollars. Do I need a will and a living trus

James's answer | Answered on August 20, 2009

Whether you "need" a will or living trust depends on whether you care about what happens to your property following your death, whether you are...

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Regarding inheritance... is it better for the beneficiary to sell property to them before death rather than leaving it in a will

James's answer | Answered on August 18, 2009

In the addition to the information in the prior post, you should understand that at the Federal level there are also Gift Taxes, for transfers...

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Can you transfer money from one account to another without documentation?

James's answer | Answered on August 13, 2009

I would add to the prior post that the wife's entitlement to the money in the husband's account depends on factors which you have not described in...

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How do I go about retitling property I own in Oviedo, Fl from my individual name to my revocable trust?

James's answer | Answered on August 10, 2009

You should contact a real estate or estate planning attorney in Florida to assist you with the preparation and filing of a warranty deed to...

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Is it a considered a gift to me if i add my name to my mothers bank account?

James's answer | Answered on August 07, 2009

If your mother transfers title to her house to herself and you as joint tenants, a gift will have been made for Federal Gift Tax purposes. It is...

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Will I have any rights to my home if something happens to my husband if my name is not on as an owner to the house?

James's answer | Answered on August 07, 2009

I assume that your husband does not have a will in which he gives the house to you upon his death. If not, assuming that your husband has only one...

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My husband has signed a quitclaim to our home only to my name now with a lifetime estate. will the home go to my children?

James's answer | Answered on July 22, 2009

It's not clear from your summary who owns the new house or whether you have signed anything granting your husband a life estate in the house. The...

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I am excutor for my aunts estate.She has it in a trust. Should she do a revocable trust, so I don't have to pay a lg. inherritan

James's answer | Answered on July 10, 2009

If you aunt's estate is in a trust, it is more than likely that it is a revocable living trust. This type of trust, however, will not prevent your...

James Arthur Gorton's Answers (83)

How to leave unequal shares of property to beneficiaries & keep Prop 13 transfer exclusion?

How is my estate both assets property and cash protected only for my child in event of of her failed marriage after my passing.

I am 50 years old and do not have a will. I am single and have assets over 1 million dollars. Do I need a will and a living trus

Regarding inheritance... is it better for the beneficiary to sell property to them before death rather than leaving it in a will

Can you transfer money from one account to another without documentation?

How do I go about retitling property I own in Oviedo, Fl from my individual name to my revocable trust?

Is it a considered a gift to me if i add my name to my mothers bank account?

Will I have any rights to my home if something happens to my husband if my name is not on as an owner to the house?

My husband has signed a quitclaim to our home only to my name now with a lifetime estate. will the home go to my children?

I am excutor for my aunts estate.She has it in a trust. Should she do a revocable trust, so I don't have to pay a lg. inherritan