What should a payment from an estate or a will say on it for the beneficiary to avoid paying an inheritance tax or an income tax
Michael's answer
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Answered on May 11, 2022
The estate tax exemption is currently $12.6 million dollars. Having more than this is a good problem suffered by less than 1% of the population. As...
What should I put as the date the trust funded when applying for EIN?
Michael's answer
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Answered on May 02, 2022
A trust must be funded on or about the time it is executed. Use the date the July 2019 date.
A bank only wants to make a check payable to an estate and I have a trust. Can they dictate how the check titling is payable?
Michael's answer
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Answered on March 14, 2022
Based on the facts you have stated you will have to consult with an attorney who will review the trust and will to see where you are regarding the...
Do relatives who are not included in a trust still need to be notified pursuant to CA Probate Code 16061.7 ?
Michael's answer
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Answered on March 08, 2022
When providing notice of the Trust upon the death of the Trustor, notice has to be given to the 4th degree of relationship to the Trustor. These...
Does my dads wife have complete POA or do I have any rights to advocate for him?
Michael's answer
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Answered on February 08, 2022
Without the details of your father's case I cannot give you reliable advice. I can give you things to look into. Upon admission to a nursing...
Can a judge make me sign a waiver of notice for a probate matter?
Michael's answer
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Answered on February 07, 2022
It is difficult to answer your question without more information. However, it is improbable that a judge would or could order you to sign a waiver...
How do I name someone else trustee on a living trust?
Michael's answer
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Answered on January 24, 2022
If there are no other Successor Trustees named in the trust document then yes, you will have to seek the court's order to name a successor trustee...
What does the term notwithstanding the forgoing mean?
Michael's answer
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Answered on January 24, 2022
I agree with Ms. Straus and Ms. James interpretation of the term you inquire about. To paraphrase their interpretation, "Look out below!" A...
I was named trustee if my grandparents trust and I don’t know hat I have to do. What is expected of my legally?
Michael's answer
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Answered on January 19, 2022
the first thing you need to do is meet with an attorney and bring the documents you refer to in your question. If your grandfather's doctor will...
S-corp shares and trust. Are the shares placed into the trust or trust becomes beneficiary of trust.
Michael's answer
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Answered on January 17, 2022
It would be preferable to have the Trust (trustee) own the shares of S-Corp stock unless there is some technical rule preventing it. However, I...
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