For tax purposes, how are funds from a special needs trust to the beneficiary treated?

You have taken a solid first step in asking about how the income and expenses of the trust are treated. However, you next step should be to retain...

My colleagues have provided you with sound advice. You will need to file a final tax return for your stepfather. Then, you'll need to obtain a...

We just received a notice of default and electionto sell under deed of trust notice. Do i need to contac a lawyer?

I short sale can be a viable option. You should consult with a local real estate or bankruptcy attorney for guidance and direction, based on your...

Is there a way to succed in collecting a debt (promissory note} against an estate without showing consideration?

Consideration is a key element to establishing a contract. If you cannot show the exchange of consideration, then you would be challenged to be...

IS TRANSFER TAX DUE ON FLORIDA QUITCLAIM DEED TO LIVING TRUST?

In many states such a transfer would not result in a transfer tax, so long as the paperwork is properly completed.

My sister is attempting to use medicaid planning to break a previously established trust and take control of dad's estate

My colleague is correct. The issues, as I see them, based on your facts, are whether or not your father had the requisite mental capacity or was...

What's the downside of using an out of state bank as corporate trustee?

My initial thought is why would you be listening to a financial planner with regards to your estate plan. Many estate planning attorneys work...

So long as the trustee does not breach its fiduciary obligation to the trust, it could rent to itself. The rental amount would have to be...

I would like to know what I should do?

Since you mention being "willed some money," I am going to assume this was a specific bequest under a will, and that the trustee is actually the...

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I received an heirloom previously held for decades in mother's revocable life trust. Is that item or sale proceeds taxable?

If you are being represented in your divorce proceedings, you should have this question addressed by your attorney.