If a bank account is under a revocable living trust and the grantor is still living who can write checks on the account? can the
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Answered on January 18, 2012
The short answer to your question is that the trustee of the revocable living trust is the person who can write checks on a bank account owned by...
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If we make our custodial right Will in india for our US citizen child would it still be binding?
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Answered on January 18, 2012
As you indicated that your daughter is a US citizen and you were concerned about child custody, I suspect that you are concerned about the transfer...
How should I name a Living Trust...? Can be anything, right?
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Answered on January 16, 2012
To add to the other answers, you can name your trust anything you want, but you might run into issues with financial institutions when you open or...
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In Avvo website example, what happens if A dies but B is living? How would the assets be split between A's children and B?
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Answered on October 23, 2011
If you change the fact situation, and assuming there is not a specific distribution plan set forth in the living trust that overrides Probate Code...
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What is the interplay between a Durable Power of Attorney for Asset Management and a TRUST? My Mom has both and I can't figure
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Answered on September 07, 2011
The trustee of a trust only handles property that is owned by the trust itself. The agent under a power of attorney (called the...
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What steps can be taken to insure that a living trust works as planned in terms of avoiding fraud
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Answered on February 27, 2011
Another safeguard may be to require in the living trust that all amendments must be in writing and notarized. This then bring's in the notary's...
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My father is 84 years old & would like to put us kids on the title of the houses. What kind of attorney do we need to see that
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Answered on February 25, 2011
I generally agree with the previous attorneys' answers, with the clarification that the exclusion from reassessment for parent to child transfers...
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What are the tax implications of property held Joint Tenants?
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Answered on December 30, 2010
If you owned the house as joint tenants with your sister, then you will need to prepare and file an Affidavit of Death of Joint Tenant with an...
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Is there a gift tax from a joint account to an individual account if both accounts have a shared account holder?
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Answered on December 23, 2010
The first question that needs to be answered is this - how did you and your father get together on a joint account in the first place? if the...
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Where can I find the laws that govern the format that should be used bythe executor of my families trust.
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Answered on December 13, 2010
If I am reading your descripton correctly, you have indicated that the executor gave your sister cash in the same amount as the value of the real...