Los Altos, CA
Estate planning Lawyer at Los Altos, CA
Practice Areas: Estate Planning, Probate ... +3 more
That depends on what the trust says about amendments. We use a "joint" living trust quite often in California (in many other states, there's one...
As a general rule, the lender will only repossess if the mortgage payments aren't made. There is a federal law, called the Garn St. Germain Act,...
I think Mr. Bryant is mixing apples and oranges. He is correct that if your mother transfers the account to you and your sister (by taking her...
If the mortgage has been paid off, how would it be "kept in the trust"? A mortgage is a debt. If the debt has been paid off, it has been reduced...
Without reading the trust, it's impossible to say for sure. But most of the time there's legalese that says something like "to my children by...
The question you are posing is far too complicated to be answered in a forum such as this. If you don't want to leave a mess for your children, I...
Sorry, but that doesn't work. The IRS considers it income to you. And if you decide to let the income accumulate in the trust, the trust is...
If your parents died last year, then the house should qualify for a "step up" in cost basis to its fair market value as of the date of death. If...
You don't provide enough information to answer your question. What do you need letters of guardianship for? As you state, if you are the child's...
I agree with most of Mr. Frederick's answer. However, whether you have the right to transfer title to the beneficiaries during the probate depends...