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What do my spouse and I need, beyond our individual wills and powers of attorney, if both of us were to die suddenly?
Jeffrey's answer
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Answered on May 25, 2020
Your documents (power of attorney, etc.) should all have back up people named in case you die together.
You might consider a Living Trust instead...
How can my boyfriend go about gifting his 25000 inheritance money left by his grandmother to me-he sayd he wants me to have it..
Jeffrey's answer
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Answered on May 25, 2020
He has to accept the gift first, and then give it to you. He has no control of what happens to the money if he just declines it.
If he gifts...
How do I become a successor trustee?
Jeffrey's answer
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Answered on May 21, 2020
The Trust was written and named you as the successor trustee, or there was a clause in the Trust that allowed someone to pick you. If you want to...
Archived
Should my father create a living trust or a deed transfer?
Jeffrey's answer
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Answered on May 20, 2020
Don't give it away! That will ruin the tax advantage.
It is better to inherit than to be gifted. With inheritance, no one will pay the tax on...
I am trying to sign my mother for medi-cal however she has to spend down her assets. Figuring out best strategy?
Jeffrey's answer
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Answered on May 20, 2020
These are complex problems, but it is probably too late to use an irrevocable trust. Moving assets into the irrevocable trust will trigger the...
Can someone restrict you from visiting a family member that lives in their house?
Jeffrey's answer
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Answered on May 20, 2020
Cheapest, easiest answer is to ask the Court for an Order based on Elder Abuse (isolation from family). They are simple to get, the court will do...
What will happen to my spouse's real property without a trust or will?
Jeffrey's answer
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Answered on May 20, 2020
A complicated question, and you should get an attorney to study it all, but here are my thoughts.
What he inherited is separate property and he...
Is house in trust community property?
Jeffrey's answer
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Answered on May 19, 2020
Yes, it remains community property. The deed does not read that way if it is in the Trust, but it never loses that standing.
So when your father...
As Power of Attorney would I assume all debt and financial responsibilities of my sick father?
Jeffrey's answer
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Answered on May 18, 2020
No, you do not assume any responsibility personally. You are just acting on his behalf to handle his finances. As long as you don't do anything...
I am the primary trustee of a trust and would like to step aside and let the 2nd trustee (who is the beneficiary)take over. How?
Jeffrey's answer
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Answered on May 15, 2020
How you resign should be described in the Trust document. Normally, unless you were appointed by a Court, you can resign any time you like with a...
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