Is it possible for an executor of a trust to sell a home without the approval of all the beneficiaries?
Anna's answer
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Answered on May 28, 2021
If a trustee of a trust sells the property for less than FMV, they could be liable for breach of fiduciary duty. However, since no realtors will be...
How to proceed in finding out if my elderly mother is on my grandmother’s will? Aunt won’t provide any info/withholding papers.
Anna's answer
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Answered on May 26, 2021
Until your grandmother has passed away, no one is entitled to a copy of her will. However, if your mom believes that her mom is being isolated,...
How to transfer joint owned property? (possibly more complex than stated)
Anna's answer
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Answered on May 26, 2021
You really need to hire a real estate attorney to review title to the property to ensure that your aunt, uncle and parents really own the property...
How long does it take a bank to release probate funds?
Anna's answer
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Answered on May 26, 2021
I agree with Attorney James. Even if the funds were deposited in a blocked account, it should not take the bank this long to release the funds....
My mother owed me $ for a project I worked on for her. Unfortunately, she passed away a month ago.
Anna's answer
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Answered on May 26, 2021
You only have one year after the death of the person that owes the money to you to collect it (assuming the debt was valid at the time the person...
Can I buy out my siblings and keep my deceased parents home? We are all on the trust as equals. They do not want the house.
Anna's answer
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Answered on May 26, 2021
I agree with Attorney James with a slight exception. Your portion of the share of the home (1/3) will not be assessed since it will act as your...
Investment property sold right before dads death,$ into bank account I’m a POD but listed in his schedule of assets in his trust
Anna's answer
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Answered on May 26, 2021
I am worry for your loss. The POD clause supercedes any provision in the trust. Therefore, you are the one entitled to the funds in the bank...
Do you need a de-165 form for sale of property if you are the sole beneficiary?
Anna's answer
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Answered on May 22, 2021
Counsel above are correct. Assuming you have been appointed as executor and are authorized to act under the Independent Administration of Estates...
How do I get deceased trust holder's property in my name as beneficiarry?
Anna's answer
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Answered on May 16, 2021
The trustee of your father's trust should have transferred the property to you and your brother, which would give you 50% ownership in the property...
Is rumored 'change of trust law' a valid reason to withhold final trust distribution?
Anna's answer
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Answered on May 16, 2021
If the estate is 100% liquid, presumably there will be little to no capital gains taxes since all non-liquid assets have been sold (i.e. real...
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