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Who is the Current "Owner" or "GRANTOR(S)" now? I'm assuming it's still in my Mother's Name, as Trustee , Name of the Trust ?
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Answered on December 14, 2015
Please stop now and consult with an estate planning attorney who can explain your duties as Successor Trustee and as Agent under a Power of...
Archived
Can I change my Rev. Trust, Powers of Attorney and Will myself, duplicating my existing documents and making necessary changes?
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Answered on December 08, 2015
Have you contacted the attorney who created your initial estate plan? It may be that his or her fee to update the plan is less that the original...
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Does funding a trust with my spouse's and my separate property protect my property from my spouse's creditors?
Maureen's answer
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Answered on November 04, 2015
Your spouse's creditors should not be able to reach your separate property. However, you should know that creating a revocable trust is not an...
Is it better to take ownership of my parent's house now or have them put it into a trust and name me as beneficiary?
Maureen's answer
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Answered on October 29, 2015
To answer your specific question, to avoid or reduce capital gains tax on the ultimate sale of the house, it is generally better to receive the...
Archived
Someone suggested my 80 year old mother put her house in my, her only daughter's name to protect it...
Maureen's answer
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Answered on November 06, 2012
While it is true that the house is typically an exempt asset when determining eligibility for Medi-Cal, if it remains in her estate at her death,...
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