My grandpa has a safe deposit box with his and my name on it. He has passed away and I would like to know if the contents become
Frank's answer
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Answered on March 24, 2009
Some bank rules allow for signers on a safe deposit box without making that person an owner of the contents. The contents probably belong to his...
Archived
Tax ramifications of terminating a irrevocable life insurance trust.
Frank's answer
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Answered on March 24, 2009
Need? Perhaps not but if you been filing trust returns then that is an easy way to create a final, zero return.
Archived
What is required to change property/home from a parents name to a child's
Frank's answer
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Answered on March 24, 2009
Your mom needs to do that. She really should be the client (recipient of the advice) as it may not be in her best interest to do this. if she lacks...
Archived
My husband died Do I have to pay a credit card debt my husband owed in his name only?
Frank's answer
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Answered on March 24, 2009
If you did not file a probate or create an "estate" against which to pay off his debts (which is what the question they asked means) then you ar...
Archived
Should I have inherited my mother's portion of her father's estate?
Frank's answer
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Answered on March 24, 2009
A trust is a way to pass an estate that bypasses probate or intestacy rules through which you might have a claim. It is very difficult to challenge...
My Dad just died. He had some CD's in his name and my name. Didn't think that they were part of estate but am told they are.
Frank's answer
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Answered on March 04, 2009
There is a difference between whether the value of the CD is included in the estate for calculation of estate taxes and whether it is in the estate...
Archived
My boyfriend and I want to get married but His parents have Power of Attorney over Him. How can we get it revoked?
Frank's answer
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Answered on March 04, 2009
A power of attorney is a form where someone authorizes someone else to sign his / her name on legal documents for specified situations. Does not...
Archived
If i appoint someone as power of attorney and i become ill, what control does that person have on my stocks and bonds
Frank's answer
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Answered on March 04, 2009
whatever power you grant in the POA. You can make it as broad or restrictive as you want. I imagine you mean 2 "attorneys in fact" acting jointly...
Archived
How can my dad sign guardianship of my brother to me?
Frank's answer
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Answered on March 04, 2009
Your father cannot just sign guardianship over to you. Guardianship is a legally recognized function. Parents have automatic guardianship, meaning...
Archived
Is there a difference in duties in California between a successor trustee and and executor? executor resides in PA.
Frank's answer
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Answered on March 04, 2009
The term "executor" usually refers to the administrator of an estate. That is a very different function than the trustee of a trust. the correct...
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