Does a HELOC with an outstanding balance prevent a homeowner from putting their house in a living trust?
Russell's answer
|
Answered on August 28, 2013
If the house is your primary residence, you can transfer the home by deed (quitclaim or grant deed can be used) into your trust without triggering...
Selected as the best answer
Archived
An aunt to leave all trust assets to her two nephews without losing all of the money and property to taxes. How to do that?
Russell's answer
|
Answered on August 28, 2013
With only $1 million in cash, taxes are not the issue. The real issue revolves around protecting the money during Aunt and Uncle's lifetime if they...
Selected as the best answer
Archived
Rental property held in joint tenancy with my father, his half in his trust, my half not in any trust. He now wants to sell.
Russell's answer
|
Answered on August 28, 2013
Putting your half in a trust would not affect your tax liability. Tax attorney, Real Estate Attorney, Estate Planning Attorney, Elder Law...
How can I find out who the trustee is/ was for a specific person's trust?
Russell's answer
|
Answered on August 28, 2013
Try a private detective. They may have better answers on how to find out who someone is and how to locate them. The death was so long ago there may...
Selected as the best answer
Can parents of heirs consent on their behalf to modify an irrevocable trust?
Russell's answer
|
Answered on August 28, 2013
No. A Guardian ad litem is required to be appointed to give the consent. Also, a court order is required to modify an irrevocable trust. It is very...
Archived
Can a hospital make you sell your home if its in a living trust to pay medical bills?
Russell's answer
|
Answered on August 26, 2013
No, they don't have the right to force a sale of your home, but they can sue the person who owes the medical bills, obtain a judgement and put a...
Archived
A beneficiary of a living trust is a minor. Should the trustee have to set up a new trust in childs name or stay in original?
Russell's answer
|
Answered on August 26, 2013
"Stay in the original." It is extremely doubtful that the living trust would require the setting up of a new trust for the beneficiary. The Living...
Archived
A beneficiary of a living trust is a minor. Should the trustee have to set up a new trust in child's name or stay in original?
Russell's answer
|
Answered on August 26, 2013
"Stay in the original." It is extremely doubtful that the living trust would require the setting up of a new trust for the beneficiary. The Living...
Archived
In Los Angeles city, can an eviction for non-payment be accelerated with evidence of elder abuse against the landlord?
Russell's answer
|
Answered on August 19, 2013
I doubt the unlawful detainer action could be accelerated with evidence of Elder Abuse. Any threats of violence against the elderly landlady should...
What does it mean when one person is named on the deed of trust but two borrowers are on the note?
Russell's answer
|
Answered on August 19, 2013
The two borrowers are liable for the debt in the note. The "one" person named on the deed of trust (who I am assuming is one of the borrowers) is...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained