Archived
How long does it take an experienced cpa to prepare a simple irrevocable trust accounting for a beneficiary? days, weeks???
Thomas's answer
|
Answered on February 12, 2014
Trust accountings can be simple to prepare, and they can be quite complex, depending on the assets, the state of the records, and what has occurred...
Archived
My brother and I were left money in a trust. We were to split it 50/50, My brother took his half and stole part of mine?
Thomas's answer
|
Answered on February 12, 2014
Attorney James offers sound advice. Close the account as soon as possible and transfer the funds to an account in your own name. Then you will...
Archived
Mother died 1-9-14, my greedy brother as trustee he gave me 1 min. to review trust for her 3 son's won't give me a copy
Thomas's answer
|
Answered on February 12, 2014
You should contact an experienced trusts and estates attorney in your area as soon as possible for assistance. As a beneficiary, you have a right...
Archived
What becomes of mortgages on rental properties in a trust after trustee dies. And the trust disolves?
Thomas's answer
|
Answered on February 08, 2014
The mortgages are secured by the property, so if they are not paid, the mortgage holder can foreclose. The trustee will need to keep paying on the...
Archived
To be valid, does a trust for real estate have to have copies provided to all people named in the trust?
Thomas's answer
|
Answered on February 08, 2014
The advisor is not correct. Whether or not you possess a copy of the trust has no effect of the trust's validity, and there is no requirement...
Archived
4 brothers each inherited 25% of their deceased parents home. They all agreed to sell. One brother has multiple government liens
Thomas's answer
|
Answered on January 26, 2014
If the home is still in the parents' name, you will need to commence a probate administration in order to get the property into the beneficiaries'...
Archived
How does one request an accounting from the executor of the Will?
Thomas's answer
|
Answered on January 26, 2014
The executor of the will does not have to provide you with an accounting at this point. You can, however, request a copy of the "Inventory and...
Archived
Family Trust
Thomas's answer
|
Answered on January 19, 2014
Whether or not your husband could have prepared a will to transfer to you his interest in the property he inherited from his nana will depend on...
Archived
In Probate, on the "Letters" form, can "Full Authority" be checked when terms in the Will contradict that authority?
Thomas's answer
|
Answered on January 19, 2014
The Letters of Administration should comply with the order for probate, which usually follows the Will. if the Will grants full authority under...
Archived
Can a Trustee be removed for not giving any accounting or for not funding an irrevocable trust?
Thomas's answer
|
Answered on January 12, 2014
Your boyfriend should consult with an experienced trusts and estates attorney who is also experienced in litigation to assist him. That is the...