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A beneficiary of a living trust is a minor. Should the trustee have to set up a new trust in child's name or stay in original?
Rosemary's answer
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Answered on August 21, 2013
The terms of the trust are controlling. Most trusts contain provisions as to how the minor child or children’s shares are to be held. As Attorney...
Archived
Can Dad, as executor of the estate, change Grandmothers living trust?
Rosemary's answer
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Answered on August 19, 2013
As I understand it, your grandmother's trust named you as a beneficiary. At some point, your father became the successor trustee. Is that correct?...
Archived
I'd like to create a family trust. Can I make my bank the trustee who distributes the funds and real property in the trust?
Rosemary's answer
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Answered on August 16, 2013
You should be commended for understanding the importance of creating a family trust. I am presuming that you are not considering nominating a...
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Archived
As administratrix of an estate, am I liable to pay creditors if assets are less than what is owed.
Rosemary's answer
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Answered on August 08, 2013
I am sorry for your loss.
I would need more information to fully answer your other questions,however. The real property is considered an asset...
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I just sold my house which was in my trust B. Do I need an attorney to update my trust or can I just mark Trust B house sold .
Rosemary's answer
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Answered on August 07, 2013
I agree with Attorney McMahon, it is not a good idea to just mark the trust documents. If your trust includes a Schedule A , then you may just need...
How will an inheritance effect my medical?
Rosemary's answer
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Answered on July 23, 2013
Attorney Weissler is absolutely correct. In California, although not considered to be income for state or federal tax purposes, eligibility for...
Archived
If I am a beneficiary and my parents are in a dementia home alive. am I entitled to a copy of their trust and will?
Rosemary's answer
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Answered on July 23, 2013
Under Probate Code Secs. 16061.5 and 16061.7, it's possible that you may be entitled to copy of the trust under the terms of the trust since your...
Archived
Do I need to file a form with a Will that is not going to Probate? The estate is well under $150,000.
Rosemary's answer
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Answered on July 22, 2013
As Attorneys Schultz and James have advised you, you, assuming that you're the nominated executor/personal representative under the lady's Will,...
Archived
The Conservator is required to account and report to the court and serve that on all interested parties (family members).
Rosemary's answer
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Answered on July 22, 2013
I agree with Attorney Daymude. I would add, however, for purposes of a Conservatorship (or any Probate action), the term “interested persons” has...
Archived
As a co-trustee of a trust estate, no agreement on how to distribute trust assets. Is filing first in court an advantage?
Rosemary's answer
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Answered on July 19, 2013
Although it is not unusual for people to name co-trustees, it is not always an easy task to act as a trustee along with another person. I agree...
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