We live in California but plan to move to Texas in Feb 2013. Can we have a TX trust now or do we need to move to Texas first ?
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Answered on December 11, 2012
One of the good things about trust planning is that you don't need one for each state you have property in. You can draft a trust here in...
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What is the best way to have elderly parents voluntarily sign over full control of their retirement money?
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Answered on December 10, 2012
I am sorry i don't agree with most of my learned colleges. Well drafter powers of attorney, drafted by Elder Law Attorneys, may in fact give you...
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How best to transfer real estate to limit/avoid estate taxes in Texas before 2013 change in tax rate and lifetime gift exemption
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Answered on December 10, 2012
With just a couple of weeks left, don't give it outright to your kids. You would have to give it all away to avoid the tax. If you just give 1m...
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Mom and Dad had an A/B Living Trust. Mom passed in 2010, but Dad never funded the B Trust, per terms.
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Answered on December 10, 2012
If there is an A/B trust that is not a disclaimer trust then it would need to be funded. Some people assume that a trust does not need to be...
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My mom is at the mid stages of memory loss, should i start the process of taking her name off assets, and how is that accomplish
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Answered on December 10, 2012
Paula give you some very sound advice. There are significant issues with regard to asset protection planning as well as tax planning. The tax...
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If you have a 5Million dollar estate, how much should you gift your two kids
this year. If next year is 1M,
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Answered on December 10, 2012
The Clawback issue is really not something that should affect your answer. Not only is it not likely to happen, but if it did, the worst case...
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Can i be excluded from my parents estate because i'm a step child?
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Answered on December 10, 2012
I also agree with the other lawyers who have commented here. One fact that may be controlling is at what age did you become a step child. If you...
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Can an LLC holding real estate protect me in case of divorce.
THe real estate was gifted to me from my parents .
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Answered on December 10, 2012
The prenuptual is nice, but the most solid protecction is goign to come from a trust established by your parents. I am not talking about the...
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My grandma is 86 years old, she said that she has a little money put aside for me to buy a house.
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Answered on December 10, 2012
I agree with the answers already here, but another thing you need to consider is capital gains taxes. You see if your grandmother buys the house...
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I found a screw in a jar of beets. She noticed it when she picked the jar up. However I have not opened jar. Can I sue?
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Answered on March 18, 2012
Of course you should sue, I recomend you come to my office and give me a large retainer, probably about $50,000. I can guarantee that you at get...
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