Archived
My boyfriend of five years recently said he'd like to leave his house to me upon his death. What is best way to accomplish?
David's answer
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Answered on April 23, 2014
The easiest way to accomplish your goal is to retitled the property as joint tenants with the right of survivorship, you will have an immediate...
Archived
My husband died, I want to revoke the trust. It states the trustor can revoke if they are not trustee. Am I the trustor?
David's answer
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Answered on April 18, 2014
Sorry for your loss. I would need to see a copy of the trust to give you an definitive answer but I don't think you can revoke the trust but you...
Should I (or can I) transfer a 529 plan for my son into my trust?
David's answer
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Answered on April 16, 2014
I second the above attorneys answer.
Archived
My mother-in-law's manufactured home is part of an irrevocable trust. Can she mortgage it?
David's answer
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Answered on April 16, 2014
Look at the trust language. Irrevocable trusts can be very flexible regarding what can and cannot be done with trust property. So first you need...
Archived
Do we need a probate lawyer?
David's answer
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Answered on April 16, 2014
Sorry for your loss. Most likely you will need a probate lawyer. You need to determine if your aunt had a will or trust. If there is no will or...
Archived
Can estate of deceased spouse demand reimbursement for monies brought into a marriage?
David's answer
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Answered on April 16, 2014
They can make a claim for the money but it will be hard to prove. Separate property generally needs to be kept separate. Once separate property...
Archived
Widowed mother passed away in 2013. How do we report transfer of real property to IRS?
David's answer
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Answered on April 12, 2014
To clarify, are asking if the beneficiary's have to report their gains to the IRS or does the trust have to report the transfer of the property's...
Archived
Do I need an attorney for probate court in order to be named executor of an estate?
David's answer
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Answered on April 12, 2014
Sorry for your loss. I’m a little confused by the question, a few things need clarification:
1. Who has ownership of the stocks you want to sell....
Do bank accounts designated as POD take precedence over a trust wherein the trust names all assets as part of that trust?
David's answer
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Answered on April 12, 2014
Short Answer: The individual named in the beneficiary designation of the POD will get the funds.
Longer Answer: One feature of a POD account...
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