Does the ownership interest held by a Trust, in tenancy in common, pass to the beneficiary's estate / heirs upon death?
Anna's answer
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Answered on September 10, 2020
A trust can own a partial interest in the property. If the creator of the trust passes away, the interest that the trust owned would pass according...
Archived
How can the Grantor or Settlor of a trust leave property to his Successor Trustee.
Anna's answer
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Answered on September 10, 2020
What "laws" are you referring to that say a Grantor cannot leave his property to the successor trustee? This frequently happens, especially in...
Archived
Can the trustee start making payments than stop because of a dirty test?
Anna's answer
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Answered on September 07, 2020
The trustee has a duty to follow the terms of the trust. Therefore, it is impossible to answer your question without seeing the trust document. If...
Archived
How will filing a Claim for Reassessment Exclusion for Transfer Between Parent and Child effect my tax status?
Anna's answer
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Answered on September 07, 2020
A Claim for Reassessment Exclusion only allows you to keep your parents' property tax basis as your own. This will not keep an asset from being...
Can the trustee have me do drug test and if it's dirty can she say I can't get funds?
Anna's answer
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Answered on September 06, 2020
Yes, the trustee must follow the terms of the trust. And usually, depending on the wording of the trust, the trustee has full discretion in...
My sister and I inherited some property from our parents-co owners -equal shares. The deed has my sister's name on it "etal"-
Anna's answer
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Answered on September 06, 2020
Without looking at the deed and the trust your question cannot be answered properly. I suspect that when your parents passed away, the property was...
What language needs to be added to a trust and will to specifically "disinherit" one of my children?
Anna's answer
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Answered on September 06, 2020
My colleagues above have provided sound advice. In addition to what they have recommended, I would say that sometimes it is also wise to include a...
Revocable trust and rental house question?
Anna's answer
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Answered on September 02, 2020
Are you the currently acting trustee or are you named as a successor trustee (the person that will act if your father becomes incapacitated or...
My aunt is the executor and she never told me grandmother died how do I find out if probate has the origional beneficiary?
Anna's answer
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Answered on August 30, 2020
If your mother is alive, you are not an heir of your grandmother's estate and would not be entitled to notice of the probate. If there is a will or...
My sister and mother are joint tenant in a deed to real estate. My mom want me to inherit her share after she dies.
Anna's answer
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Answered on August 30, 2020
Currently, if they own the property as joint tenants, your sister will receive the entire property upon your mother's death. If your mom wants you...
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