Trust

If the trust in question is one set up to benefit you with your own property, then the answer is "no." This is called a "self-settled" trust, and...

It should only be relied upon as a contingency measure, because here in California if the accounts are not actually titled in the trust name and...

You appear to have several questions mixed up which makes it hard to respond. First of all, if an irrevocable trust was set up by a Grantor...

I am a U.S. citizen senior citizen, age 65. I have an adopted "special needs" African child who is 12 years old. Moved back to

Your will from Canada is probably valid, but if you need to do a new will and it is not complicated, you can use the California statutory will...

It is unclear just what you mean by a trust to protect your assets. As a general rule, property that you own prior to marriage remains your...

When one trustee of a revocable living trust is deceased, can the other cotrustee apply for new bank accounts in the trust name?

The short answer to your question is "yes," as you are the sole remaining trustee of the trust. However, depending on the terms of the trust...

Estate planning

First of all, it is possible to have a joint revocable trust where each spouse actually owns their own property separately within the trust. In...

First of all, this would be handled as a restatement of the original trust agreement, preserving the original name and date so that any assets...

May I take a loan from my father's residual trust? My Mother, Brother and I are co-trustees of my Father's Residual Trust.

The entire trust document needs to be reviewed. That being said, the use of the term "independant trustee" suggests that the trust has language...

If an individual puts their house into a living trust, is that considered a gift in regards to gift tax exemption? Thank

In the case of a revocable living trust, the answer would be "no." In the case of an irrevocable trust, whether or not the transfer is considered...