Archived
Is setting up Family limited partnership an effective way to protect your primary and secondary home from lawsuit ?
Michael's answer
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Answered on November 12, 2014
In general, I am hesitant to set up a Family Limited Partnership for the property a client actually resides in. An FLP is often a great tool for...
Archived
Do I have a right to my deceased spouses' inheritance that was never distributed?
Michael's answer
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Answered on November 10, 2014
There are several steps before we can get to a complete answer here. I strongly suggest meeting with an attorney who can get the specific details...
Archived
Is there a way I can 'give' my property to my children, but remain living in it until I die?
Michael's answer
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Answered on November 08, 2014
Yes, there are actually several ways you could go about this, including giving the property but keeping a retained life estate, using a...
If money is left to grandchildren but not to great grandchildren, can great grandchildren be included with the grandchildren?
Michael's answer
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Answered on November 07, 2014
If the will specifically says grandchildren only, then great-grandchildren are not automatically included. However, if one of the grandchildren...
Archived
My son has a trust. The person in charge his adopted grandma is selling the house. My son does not want the house sold.
Michael's answer
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Answered on November 03, 2014
If your son is a beneficiary of the trust, then the trustee (his adopted grandma) should be managing the trust for your son's benefit according to...
Archived
Does my home held as joint tenants go thru probate if I have a will and one of us dies? What is involved in probate
Michael's answer
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Answered on October 29, 2014
Generally, a home held in joint tenancy does not go through probate when the first joint tenant passes. In California, joint tenancy includes a...
Archived
Can life insurance proceeds left directly to a disabled person be safely put into a trust after the policyholder has passed?
Michael's answer
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Answered on October 27, 2014
A special needs trust could be an option. You should consult with an attorney with real experience in the area to go over the specific facts. Be...
Archived
With no assets & a LPS conservatorship on behalf of my brother, will I be personally liable for all of his expenses past/present
Michael's answer
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Answered on October 23, 2014
Liabilities incurred by your brother personally or by his LPS conservator (when acting as the conservator in incurring expenses for your brother's...
Archived
What do I need to do to object to trustee attempting to buy house from trust?
Michael's answer
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Answered on October 23, 2014
It's possible that the trust allows the trustee to deal with herself on both sides of the table, but it's just as likely that it doesn't allow this...
Archived
Can I will for my daughter on properties my husband has me as his sole beneficiary (living trust)? while he is alive?
Michael's answer
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Answered on October 23, 2014
You can prepare your own will, trust, and other estate planning documents during or after your husband's life, providing for both your children in...
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