I had a revocable trust with my ex. We got divorced 15 years ago.I withdrew my self from the trust after the divorce. All the

Yes you can set up a new trust with your new wife. When you state that you "withdrew yourself from the trust" after your divorce, I assume that...

If I buy shares of stock for $500, Then sell the shares for $700. Would I just be taxed on the $200 profit.?

You would only be taxed on the $200, not the full $700 which includes the $500 you paid to acquire the stock. The rate at which you are taxed will...

When an executor is finished distributing the assets of a Living Trust, does he then have to close it officially in a court? Is

The trustee of the living trust owes a fiduciary duty to the beneficiaries. He or she may have an obligation to report to the beneficiaries to...

Taxx question on icome from trust

Yes. If you receive income distributions from the trust, you must report them on your state and federal income tax returns. You probably would...

How are executor fees determined?

The fees for an executor are set forth by statute in the Probate Code. The fee will depend upon the gross value of the estate that is probated: 4%...

My dad died. The question I have is about the truck that he was making payments on.

From your description, it appears there was an unlawful repossession. If payments were current, there was no basis for repossession (unless,...

What Happens if You Do Not Probate

I am not admitted to practice in Indiana, but in general, a probate is needed when title to assets needs to be changed or when there are debts of...

"JTEN" is most likely an abbreviation for "joint tenants." The key aspect of joint tenancy is that when one joint tenant dies, the remaining joint...

Ordinarily, anyone contesting a will, after receiving notice of the petition to administer the estate, must bring their objections at or before the...

My aunt died and left my mother (who died before her) as beneficiary of her bank account. Can I inherit this account?

You'll need to provide some additional information. First, if the bank account had "pay on death" instructions, you should determine whether the...