I am trustee of Mom's trust. She paid me $2400 in 2013 to manage it. I am also beneficiary, Am i supposed to issue a 1099 to me
David's answer
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Answered on January 22, 2014
Other than professional trustee, a trustee is usually not considered being in a trade or business. While the fees from the trust are taxable, the...
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Do I need to file tax if my only income is $200 per year from a foreign bank account interest?
David's answer
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Answered on January 22, 2014
I agree with the answer of attorney Ornelas. From the information he provided to you, you do not need to file an income tax return and you can...
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Father's estate and trust: Pa left a trust to care for mom: listing us 3 children . Brother gets all?
David's answer
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Answered on January 22, 2014
I would recommend that you review this matter, including the trust, with an attorney in your area who is experienced with trusts and trust...
Co-trustee and I can't agree. The probate judge has mentioned appointing an independent fiduciary. What can the fiduciary do?
David's answer
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Answered on January 22, 2014
I agree with attorney Santaella that the court may be considering replace you and your brother as trustee if you are unable to agree. If the...
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Court is allowing my wife to claim 2 kids on 2013 taxes. I supported family 100% 10 out of 12 months...IRS say I can claim all 4
David's answer
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Answered on January 20, 2014
The IRS states on its webpage "Federal tax law determines who may claim a dependency exemption. A court order cannot determine who may claim a...
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Can I get a copy of a trust if I'm not sure I'm mentioned in it?
David's answer
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Answered on January 20, 2014
The trustee of the trust is required to send a notice to all beneficiaries of the trust and all of the heirs of the deceased settlor of the trust...
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MY AUNTS ESTATE CLOSED IN 2009 IN SAN FRANCISCO. IT WAS STARTED IN LATE 1996. MY MOM WAS THE SOLE BENEFICIARY. SHE DIED IN LATE
David's answer
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Answered on January 20, 2014
Please review this with an estate attorney experienced with probate litigation. The facts in your question are unclear. I agree with attorney...
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Can i answer the complain for foreclosure after BK ch. 7 discharged? I need our house and the lender is not a owner of note.
David's answer
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Answered on January 20, 2014
The chapter 7 discharge did not remove the lender's lien on your property to secure its loan. If you don't make your payments when due, the lender...
When is a constructive trust placed in probate?
David's answer
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Answered on January 20, 2014
I agree with Attorney Daymude's recommendation that you consult with a local probate attorney.
As well as advising you on the use of...
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The attorney who set up my living trust has vanished and has possibly been disbarred. Is my trust valid
and properly recorded?
David's answer
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Answered on January 14, 2014
I agree with the answers provided to you by attorneys Bret and Bergman.
While having your trust reviewed, be sure that the proper transfers...
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