Can we do an inter-vivo transfer of real property from child to parent the same way that parents can transfer to children?
David's answer
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Answered on October 17, 2018
You can transfer property back to your parents and it would be covered by prop 13 if it is your primary residence or under $1 million in value. ...
Is it possible to set up a trust for my underage daughter in case I pass away?
David's answer
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Answered on October 17, 2018
Depending on how your trust is drafted, you should be able to name it the beneficiary for these accounts. It would be a good idea to have it...
Archived
My wife took me off the title of our house in California.
If she dies, do I inherent it or does it pass to our children
David's answer
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Answered on October 17, 2018
There are a lot of factors that can determine how the house will pass after she dies. If she does any estate planning via a trust or will, then...
Archived
Can the trust be settled if there are no beneficiaries and assets are limited to house and small bank account?
David's answer
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Answered on October 12, 2018
You should have an attorney review the trust and amendments to determine the best course of action. In general, if a trust has no beneficiaries,...
Archived
Can the Trustee of Family Trust be sued?
David's answer
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Answered on October 11, 2018
Yes, a trustee can be sued for breaching their fiduciary responsibilities. For one, the trustee must provide the beneficiaries with an accounting...
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