Hello, If all you have is a house that you want to leave to your only child, I would recommend using a "Transfer-on-Death Deed" (a TOD Deed). ...

Hello, You are confused about which document needs to be "recorded". The Trust document is never recorded; however if the trustee owns real...

Your father simply needs to amend his trust. Obviously the lawyer that he wants to name as "Successor Trustee" will have to be consulted, and paid...

It's hard to say without seeing the trust, but usually if there is no specific instructions for paying off the mortgage in the trust, the trustee...

A trust is presumed to be revocable unless the terms of the trust make it irrevocable. The method of amending a revocable trust is spelled out in...

Technically, the POD designation supersedes the trust, but it looks fishy to me. The trust, which left everything equally to you and your...

That is nonsense. First, proposals by President Biden, Senator Sanders, and others are just that, proposals. They are not the law. Nor is ACTEC...

The reason for obtaining the EIN is that the income generated by the trust assets (probably not much, unless the real estate is a rental) should...

What are the tax laws when you settle a trust that has been contested out of court?

Great questions, and congratulations for being willing to share your inheritance with your sister's children. Some of the following suggestions...

Yes, you may create a separate property trust with your separate property. You may also create a joint trust with your spouse to hold BOTH...