Archived
Can I distribute funds from my parents' Trust once this year, and then the final time, next year after taxes are filed?
Gary's answer
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Answered on November 16, 2016
There is no absolute prohibition on doing what you propose - i.e. making a partial distribution now and a final distribution in 2016; however, you...
Archived
What does an irrevocable trust document cost?
Gary's answer
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Answered on November 16, 2016
As others have stated, it is unclear whether or not you need or would benefit from an irrevocable trust. Some potential uses could include...
Does a previous bankruptcy disqualify an individual from becoming a successor trustee for a living trust?
Gary's answer
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Answered on November 15, 2016
Your brother's prior bankruptcy will not automatically disqualify him from serving as the Successor Trustee. It appears that your mother may no...
Archived
What are the reasonal fees for a review and amendment of a 1997 family trust.
Gary's answer
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Answered on November 15, 2016
This is not the practice of all lawyers, but if a client wants me to change a trust prepared by another attorney I will only do a full Restatement...
Is it a good idea for two/only siblings be co-executors of a living trust?
Gary's answer
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Answered on November 15, 2016
I generally recommend that my clients not name Successor Co-Trustees for the reasons mentioned in your question. The idea of having Co-Trustees may...
Archived
I am redoing my living trust. The real properties are titled to the first trust, same name, do I need to re record them?
Gary's answer
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Answered on November 15, 2016
This appears to be a revocation of the 2009 trust, so re-titling your assets in the name of the 2016 trust will be required. If instead you had...
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