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Can a trustee spend all the money in the trust on lawyer fees fighting someone in court trying to remove him as trustee?
Michael's answer
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Answered on September 13, 2016
The mediator does not represent/can not represent anyone. The role of a mediator is to be neutral and facilitate a settlement or agreement of the...
Archived
I am full legal guardian of 20 year old autistic son. Is he liable for debts he has accumulated on his credit cards et al?
Michael's answer
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Answered on September 06, 2016
Depending on the scope of the guardianship he would not have the legal capacity to enter in to a contract for the credit cards. However in...
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Archived
We are considering selling a house that is owned by an estate in probate. What are the tax brackets for estates?
Michael's answer
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Answered on August 25, 2016
Best to consult the tax adviser for the estate AND each heir/beneficiary should consult with their personal adviser as well. As a general rule the...
Archived
A probate decedent has left a home that has appreciated about 300k. Does it qualify for a 250k step up?
Michael's answer
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Answered on August 22, 2016
The property gets a "step up in basis" as of the date of death to the current value. Best to get a certified appraisal to determine that value. The...
Archived
Can I claim my parents and my brother as dependents ?
Complicated situation
Michael's answer
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Answered on August 19, 2016
Best to consult with a tax attorney or a certified public accountant on this issue.
How do I stop elderly neighbor from harassing me, my family/dogs, and damaging my trees and plants in my yard?
Michael's answer
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Answered on August 15, 2016
You could call Adult Protective Services and ask for an assessment. The local police department can also do a "welfare check" and if they determine...
How do I sell my grandmother's unused cemetery plot?
Michael's answer
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Answered on July 27, 2016
Ask the cemetery management to provide you with a copy of the contract/.agreement for the care and use of the plot. Ownership and the rights...
Archived
My husband's g'ma passed away in Ca. Her home is in a trust. The trustee after she passed is living in the home. What are our op
Michael's answer
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Answered on July 19, 2016
Based on the information in your question it appears that the trust is under California law. Recommend that you consult with an attorney in...
Will my fiancé have a right to claim my estate ?
Michael's answer
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Answered on July 11, 2016
Washington law allows for couples in a "committed intimate relationship" to acquire an interest in property or assets when they both contribute...
Can I move an IRA into a Special Needs Trust (or other "medicaid mechanism") without withdrawing the funds from the IRA first?
Michael's answer
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Answered on June 17, 2016
This type of planning is very complex. Best practice is to consult with an attorney who specializes in Medicaid and trust planning.