Archived
What can I do to have my adult children inherit my property share from my 2nd marriage upon death; I'm 19 yrs older than him.
Philip's answer
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Answered on September 03, 2014
Most common would be a joint trust, agreeing that if you died first he could continue to live there, but locking in your 1/2 share for your kids. ...
Archived
Have immature child 29,She is 50% beneficiary to life insurance; possibly 25% of equity in house. Can I include her in my trust
Philip's answer
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Answered on August 30, 2014
Absolutely! It's your trust, and you get to make the rules. A good estate planning attorney will walk you through many options to protect your...
Archived
Hello, I am a recent widow. My husband and I had a split trust which is now in my name only.
We have two adult daughters.
Philip's answer
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Answered on August 29, 2014
What your rights are, or the rights of your daughters, will be determined by the language of the trust. Sometimes the survivor of a "split trust,"...
Archived
I own a home paid in full below 500K and very small income from social security, my children want me to do an irrevocable trust,
Philip's answer
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Answered on August 23, 2014
I share the concern of the others that there'[s not enough information to know whether this is a good idea or not. There are significant risks to...
Archived
Durable Power of Attorney with powers of trustee in California
Philip's answer
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Answered on August 21, 2014
The role he is seeking is "successor trustee." The Power of Attorney does not allow you act as trustee. He will need to amend his trust to state...
Archived
Do I need to add my kids to my life ins. policy my wife is bene of, or will it go to them if I put the policy in my trust?
Philip's answer
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Answered on August 20, 2014
It's good your are thinking about a trust. If your wife is the sole beneficiary and she passes first, when you die the policy, if you have not...
Archived
My husband died 2 mo. ago, in reading our living trust I see a sentence was added we were not aware of. Can I change this as the
Philip's answer
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Answered on August 20, 2014
I do not agree with the answer that the trust necessarily became irrevocable. While that MAY be true for a surviving spouse, that is usually not...
How do we avoid Medi-Cal recovery after I pass and my wife is the survivor?
Philip's answer
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Answered on August 19, 2014
No, under the law there can be no recovery as long as either of you are alive. There will be no "takeover" of her policy.
Archived
Does a verbal agreement constitute a legal agreement with all parties present in an inheritance between family members.
Philip's answer
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Answered on August 18, 2014
An estate plan is not an "agreement" between two people. It is a gift, and is not valid until formalized in writing in the manner required by law....
Archived
How can we sell a manufatured home in probate in lakeside, CA
Philip's answer
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Answered on August 16, 2014
If this will is actually being probated, there will be a formal court supervised process to follow for the property to be sold. If you have not...
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