Archived
I just reviewed my mom's irrevocable income only trust and there is no specific clause regarding a step up basis being retained
Darlynn's answer
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Answered on June 18, 2015
You'll definitely need to consult with an attorney experienced in irrevocable trusts. Generally speaking, there is no step up in basis for assets...
Archived
My grandmother died making her neighbor the personal representative her estate. What happens when I object the choice of the PR?
Darlynn's answer
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Answered on June 18, 2015
That was who grandma picked; there could be reasons to challenge, but they are high hurdles to clear. An attorney could help you discern if there...
Archived
I am the sole beneficiary of an IRA (inherited). Can I choose to cash out?
Darlynn's answer
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Answered on June 18, 2015
Yes you sure can. It will cost you, as there are taxes and other implications.
Archived
I would like to leave my estate to my three show dogs and have my partner designated as trustee of my estate.
Darlynn's answer
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Answered on June 18, 2015
A pet trust will accomplish the care and maintenance of your beloved pets with the appropriate controls.
Archived
Do I need an estate attourney?
Darlynn's answer
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Answered on June 17, 2015
Yes, you and your son are entitled to your husband's share.
Archived
Do I have a right to a listing of assets and values from my parent's estate?
Darlynn's answer
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Answered on June 17, 2015
Yes, you are entitled to an accounting, which is a listing of all assets, income and expenses of the estate.
Archived
Can my spouse and I distribute various percentages to our beneficiaries in our Joint Revocable Living Trust?
Darlynn's answer
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Answered on June 17, 2015
Yes, you and your husband can agree to different percentage splits. Planning for a blended family can be tricky but definitely worthwhile.
Archived
In my mom WILL she made my Aunt the executor of her belongings I was under age. Is she still the executor since I'm an adult?
Darlynn's answer
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Answered on June 17, 2015
Yes, your aunt is still the executor unless mom revises her will.
Archived
Am i intitled to any money my father inherits from my grandma but he was never financially there for me or in my life now im 21
Darlynn's answer
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Answered on August 13, 2012
There is no legal entitlement to an inheritance based on the facts you mention. You may want to see a copy of grandma's will though.
Archived
Protecting assets from deep pocket litigation
Darlynn's answer
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Answered on July 26, 2008
They are very expensive and add much complexity to your life. I can't give you a "price" because it will vary widely. Generally speaking, asset...
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