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What if any is my obligation to my three siblings if I am sole trustee and sole executor of my father's will and trust?
Barbara's answer
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Answered on April 14, 2018
It sounds like your siblings will challenge the trust. I would suggest you meet with an attorney so you’re prepared. Reviewing all estate planning...
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A sibling is a trustee and was a beneficiary on a bank account of a living trust and claims all the money is hers.
Barbara's answer
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Answered on April 14, 2018
If the sibling’s name was on the account as trustee, the account belongs to the trust. If the account wasn’t titled into the trust and she was on...
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A divorced man living at home with parents dies with no will. Mother has power of attorney when alive. He has adult children.
Barbara's answer
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Answered on April 13, 2018
The children would probably have a superior right to make decisions. But in practical terms the ones who are willing and able to pay, either the...
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Can a teacher become my physical guardian?
Barbara's answer
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Answered on April 13, 2018
Your father can permit you to live anywhere he considers suitable. Or if he’s willing to give up legal guardianship and another adult is willing to...
Archived
Are financial accounts ever shared even when it belongs to a spouse?
Barbara's answer
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Answered on April 13, 2018
It’s not clear what you mean by “shared.” You can only withdraw funds from an account if your name is on it. In the event of a divorce or a death,...
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Why are house related expenses being taken from my share of a trust. The executer gets the house under the trust
Barbara's answer
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Answered on April 13, 2018
It might or might not be reasonable for those expenses to come out of the trust. That depends primarily on the terms of the trust, but also on...
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Is there a problem with me being a trustee, having power of attorney, and being money lender to my mother's estate?
Barbara's answer
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Answered on April 13, 2018
It's not forbidden, but there is definitely some conflict there. Since your third brother is wealthy, why not see whether he can loan some money to...
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Can a home insurance company cancel policy on a home going through probate? Do new owners need to refinance a home inherited?
Barbara's answer
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Answered on April 12, 2018
First, mortgage and property taxes are not connected. If you haven’t already, you need to complete Change in Ownership Statement Death if Real...
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Can I cash out my Medicare set aside?
Barbara's answer
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Answered on April 12, 2018
Absolutely, positively not. You presumably have no control over the Medicare set aside trust. That is there to pay expenses which Medicare...
Can my sister kick me out of my mom's home after my mom passed away in 18 days?
Barbara's answer
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Answered on April 12, 2018
You will have to move out. How much time you have to do that is determined by law. In California, you would be entitled to 60 days'...