How do I setup a trust to hold property title if I am planning for renovation and resale?

Generally a revocable living trust has no advantages for a "flipper" buying and selling real estate. It is an estate planning tool to avoid probate...

What's my liability for having access to Trust financials as a remainder beneficiary?

If your uncle is not performing as a fiduciary, putting the interests of the beneficiaries ahead of his own, as you say, he should be challenged by...

How do i go about getting the money or acquiring the title to a boat that I've made the repairs to and have been storing.

You may be a bailor if you are holding the boat for the owner, and the owner owes you storage fees or rent. Since a boat is a vehicle titled under...

Bank accounts after death

Those accounts would be inherited by the person names as payable on death beneficiary. If that beneficiary is deceased, the money would go to the...

If by step-children, you are referring to the unadopted children of a spouse, they are not legal children under most circumstances. There may be...

Do I need to get a letter of testamentary in California if an irrevocable trust is in place

When a probate proceeding is filed in the court, the personal representative is issued Letters Testamentary. These are not correspondence, but...

What are the principal ways that one can retain the low Prop 13 tax basis of a home when transferring it through an estate?

Is it fair to say that the estate was left in equal shares to all of the children? In that case there will be a reappraisal of the proportionate...

How do I proceed with paying US taxes if I am a California resident independently employed doing work for a european company?

A US person (e.g. citizen, resident alien) is taxed on world wide income. This income from the German company will be taxed the same whether it...

Estate tax question...?

Assuming you have an IRS power of attorney you should be able to order copies of these tax returns, if there were any. They would be filed under...

Do we have to use a lawyer two transfer ownership on my wife's mobile it is in her sisters name too.

A mobile home affixed to a foundation may be real property, in which case the transfer is accomplished through the recorder's office in your...