Archived
Hi, I would like to know if my mom can make a way to were I can’t sell the house because she wants to leave the house to me.
Jeffrey's answer
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Answered on January 26, 2021
If she wants to protect you from ever losing the house then she can put it in a trust, with instructions to the trustee not to ever sell it but to...
Archived
Is my spouse entitled to property if it was purchased by my parents prior to us living in it?
Jeffrey's answer
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Answered on January 25, 2021
The house is your separate property BUT any mortgge payments you have been paying into it since the wedding are community property, so every month...
How do I transfer my corporation to my son?
Jeffrey's answer
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Answered on January 25, 2021
There are options. But if you just gift him the shares then he will pay much higher taxes when he sells someday. If he plans to keep it then...
Can I leave my portion of stocks, bonds, etc. in my Mom's revocable trust or would I have to create my own trust?
Jeffrey's answer
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Answered on January 25, 2021
The answers to that are in the Trust. It should be written with clear instructions on what is to happen when your mother passes away, including...
Archived
How can my mother obtain a power of attorney over my brother?
Jeffrey's answer
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Answered on January 24, 2021
You cannot do it. A Power of Attorney must be signed by the person granting the power.
What you need to do is get appointed as conservator for...
Archived
Are living trusts subject to husband/wife splits?
Jeffrey's answer
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Answered on January 23, 2021
It depends on how your trust was written, but as long as you leave your assets to her alone, and not to her and her spouse, then the assets will...
What do I need to do to get the power of attorney for my father who is already has advanced dementia ?
Jeffrey's answer
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Answered on January 23, 2021
I am afraid that once a person is no longer capable of making their own decisions, it is too late for a Power of Attorney because the person cannot...
Archived
What kind of will do I need?
Jeffrey's answer
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Answered on January 22, 2021
What you need depends on whether you have children, a business, health problems, Special Needs people in the family, relatives that you hate (!),...
Can I use a Quitclaim Deed to add my daughter on the Deed? Or could I just use a Living Trust ?or both?
Jeffrey's answer
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Answered on January 18, 2021
A trust is usually the best answer. Just gifting her an interest will give away the tax benefit of a stepped-up basis. This is all about your...
Can a Settlor who resigns as Trustee still alter or amend the trust they created?
Jeffrey's answer
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Answered on January 11, 2021
It depends on your trust because every one is different but 99.9% of trusts allow the Settlor to do whatever they want during their lifetime,...
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