Archived
Can my living trust stipulate that I want my trustee-executor to administrate my trust for 30 years after my death?
Gerard's answer
|
Answered on May 22, 2014
Yes you can do that provided that the 30 years does not exceed 21 years past the last measuring life for your trust.; that is the last of your...
Selected as the best answer
Archived
Should we move our residence and sales office from CA to NV (10 miles away) to reduce our taxable income for our S Corp in CA?
Gerard's answer
|
Answered on May 22, 2014
You should take into account the fact that if you are doing taxable business in California you will have to claim the income and pay taxes in...
Archived
Tax Return
Gerard's answer
|
Answered on May 22, 2014
Hire a good CPA who has extensive experience working with the IRS. If what your wife has done is wrong it can be fixed. Make certain that you...
Can 120-day wait/challenge period on receiving inheritance from irrevocable trust be legally waived? If so, how?
Gerard's answer
|
Answered on May 22, 2014
It would be imprudent for the trustee to make the distribution if he or she has not gathered all assets, determined all debts that need to be...
Archived
Can I as the beneficiary of the trust pay the trust taxes instead of the trustee?
Gerard's answer
|
Answered on May 21, 2014
The treible truth regarding taxes are the IRS and state taxing authoritis do not care who pays the taxes, and penalties and interest in this case....
Does a durable power of attorney supersede a trust that is already in force? The state is Kentucky.
Gerard's answer
|
Answered on May 21, 2014
If the Trust and the Durable Power of Attorney are different The trustee should go into court to have the power of attorney quashed. The proper way...
Archived
Is a title company legally responsible for overriding a irrevocable trust and issuing a title deed in another persons name
Gerard's answer
|
Answered on May 21, 2014
Title companies go all out in their battle against paying the injured party. This will be a very expensive battle. You will need a very good...
Archived
A specific account listed in the trust was sold (no dollar amount) account not listed in trust and TOD is someone else.
Gerard's answer
|
Answered on May 21, 2014
There is a concept in the law called ademption. Ademption occurs when specifically devised property is no longer in the testator’s estate, the...
Archived
Can a Trust Protector lie about his/her position?
Gerard's answer
|
Answered on May 21, 2014
Normally the Trust Protector and the trustee are two different people because a large part of being the Trust Protector may be monitoring the...
Archived
What is the best and least expensive way to have my house put in my name,as it is currently included in a living trust?
Gerard's answer
|
Answered on May 21, 2014
If you are the trustee on the trust I do not see any problem with leaving it where it is. I would have the Trust reviewed by a competent attorney....
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained