Archived
Do I have to probate if mother left a will and all that needs to be settled is life insurance worth $10,000.
Amanda's answer
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Answered on February 04, 2013
The insurance policy is subject to probate if there is no living beneficiary listed. However, many states have a small estate process which is an...
Archived
Do any title documents need to be filled out if the grantor and the trustee is the same person in a revocable living trust?
Amanda's answer
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Answered on February 04, 2013
Having an attorney advise you on the terms of your trust is ideal. Creating your trust incorrectly or failing to fund it may be more expensive...
Archived
How do you transfer all of your assets to a living trust?
Amanda's answer
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Answered on February 04, 2013
You should speak with the attorney who drafted your trust for guidance specific to your state. In general, you must change the title on all the...
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Archived
We suspect unrelated caretaker might have taken advantage of our recently deceased Aunt. How can we see what's in will?
Amanda's answer
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Answered on February 04, 2013
Usually the Will is deposited or recorded with the court, clerk, or recorder. You can check to see if a Will has been filed. Generally, any...
Archived
How is income paid to trust treated in year trustee dies?
Amanda's answer
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Answered on February 04, 2013
Your father should have a final individual income tax return (Form 1040) covering the period from January 2012 until his death. The trust should...
Archived
Can a successor trustee of a living trust be required to appoint beneficiaries as co-trustees as they reach the age of majority?
Amanda's answer
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Answered on February 04, 2013
It should be possible to create this circumstance now in your document without requiring additional amendments following your death. Additionally,...
Archived
My mom passed away, no will, monies are below $50k. I applied for transfer by affidavit. I would like to distribute fair
Amanda's answer
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Answered on February 04, 2013
What tax are you talking about? If it is cash in a checking account, there are no gains on the property. Estate tax isn't triggered until the...
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Legal Claimant Services contacted me re:$800 from estate left. I cannot find anything on
http://icash.illinois.gov/.
Amanda's answer
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Answered on February 04, 2013
Generally these services access information about abandoned, unclaimed, or leftover property and try to notify the rightful heir(s) for a fee. ...
Archived
My father's wife died, then he lived in the home, (her home) until he died. he gave away items bought after marriage. this ok?
Amanda's answer
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Answered on February 04, 2013
Was the wife's estate ever probated? Are you talking about the wife's Will? You should take the documents to a local probate attorney. Your...
Archived
I have the original copy of my Quit Claim deed with both mine and my ex wifes signatures.Towards the bottom of the document it
Amanda's answer
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Answered on February 04, 2013
Where is the original?
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