Archived
Should couples's 1996 revocable trust be rewritten to include need for both a Trust A and Trust B when one spouse dies?
Aaron's answer
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Answered on July 22, 2009
One reason for such a revision is that the Bypass Trust cannot be changed. If the Survivor remarries and can revoke or modify the trust, then the...
Archived
CA guardianship laws, GAL, is it possible to have more than one guardian of a minor
Aaron's answer
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Answered on July 22, 2009
It would require petitioning the court to change the current status. Also, courts will typically want to follow the wishes of the deceased...
Archived
Is it advisable to have a couple as legal guardians for minors in a Will or just one person (e.g. sis vs sis and brother-in-law)
Aaron's answer
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Answered on July 22, 2009
There is no reason not to name both and, for the scenario you describe (trip to the ER) being the legal guardian certainly helps. Depending on the...
Archived
CA trust and probate laws, joint tenancy community property designation of bank account for deceased spouse
Aaron's answer
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Answered on July 07, 2009
You seem to have multiple issues.
Your mother-in-laws trust distribution to your late husband should now be in his probate along with the...
Archived
Can the surviving spouse collect the money owed to a deceased spouse
Aaron's answer
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Answered on July 07, 2009
The Estate would have the right ordinarily to pursue people who owed him money. In your situation, the Estate should have pursued you for the...
Archived
I have considerable credit card debt and am unable to pay my monthly minimums. Can they come after me for my trust income?
Aaron's answer
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Answered on July 07, 2009
A creditor can come after any distribution you receive from the trust. I don't know how much credit card debt you have or how much you expect to...
Archived
My uncle had a house fire. He didn't have any insurance. The damage was considerable. What are his options?
Aaron's answer
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Answered on July 01, 2009
Sorry about your Uncle's loss. I assume that there is no loan on the house because the lender will always require basic structural insurance to...
Archived
Can i leave half to a relative and half to a non-profit in a will,or must i have estate plan?
Aaron's answer
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Answered on June 23, 2009
A will may be an adequate "estate plan" for an individual without real property and without substantial assets. The advantage of a trust is that...
Archived
Foreclosure/Trustee Sales
Aaron's answer
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Answered on June 23, 2009
Sorry to hear about your unfortunate circumstance. You may want to check with the Department of Real Estate to determine if the company you hired...
Archived
The old owner refused to pay back money for the Gift cards that she sold to customers before she sold the shop to me
Aaron's answer
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Answered on June 22, 2009
These issues are ordinarily addressed in a well drafted purchase agreement. My guess is that this transaction was fairly informal. However, a...
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