Archived
Sister is the trustee of my mother estate, my mother gets 3765 a month. She has given me very limited accounting of the money.
Priscilla's answer
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Answered on November 07, 2015
If your sister was a fiduciary such as a trustee or agent under a power of attorney she has fiduciary duties which if breach subject her to...
What can I do legally if I suspect my father-in-law is being elder abused and financially exploited by his girlfriend?
Priscilla's answer
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Answered on November 07, 2015
It sounds like your father is the victim of financial and possibly other elder abuse. There are several options available to you to remedy this...
Archived
I just found out money is being transferred out of my parents account by my sister in law without him knowing about it. I
Priscilla's answer
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Answered on November 07, 2015
Yes. Your father may be the victim of financial elder abuse and if that is so, there are options for you to remedy this. Below you will find...
Archived
Does resolution of an issue justify not notifying law enforcement?
Priscilla's answer
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Answered on November 07, 2015
Unless there is some type of physical abuse or assault to report it is unlikely law enforcement or the District Attorney's office will get...
Archived
What is the worst case scenario if a widow fails to set up a B (bypass) trust within 9 mos. after husband's death?
Priscilla's answer
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Answered on April 28, 2015
The bypass trust is where you put property equal to the amount excluded from Federal Estate Taxes so it can grow estate tax free before...
The trustee has stolen $100,000 from my children's trust. What can I do? What are my chances of recovering the funds?
Priscilla's answer
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Answered on April 28, 2015
Sue her for breach of fiduciary duties. She has been self dealing. Ask for an accounting in your lawsuit. If she has a home or other assets...
Archived
Hi: Do we need a Will and a Living Trust? My husb. and I have one son who we will leave everything to. We presently own 6
Priscilla's answer
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Answered on April 28, 2015
Yes you do. You both need pour over wills and a joint trust to provide for management and distribution of assets upon the death of one spouse and...
Can a sibling give his estate share to another sibling
Priscilla's answer
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Answered on April 28, 2015
If he gives it to one of the siblings it is going to be subject to gift taxes, unless it the value of his share is less than $14,000, which the...
Archived
I have been asked to be the executor of a trust. I would like to know what my responsibilities are.
Priscilla's answer
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Answered on April 13, 2015
You should also be aware that unless you are already a CPA or other professional chosen for your expertise in managing the trust, as trustee you...
Archived
If someone has power of attorney and the person is still living, can that person make their own decisions?
Priscilla's answer
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Answered on April 12, 2015
Unless your Grandmother lacks the mental capacity to decide who she wants acting as her attorney in fact she can revoke the power of attorney and...
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