Qualified Subchapter S Trust (QSST) Election Under Section

Not sure what the question is? Way to broad. The QSST has specific provisions to qualify a trust to hold S Corp stock. This is based on IRS...

If the house is in the decedent's name, you need probate to change title to your name. Contact a probate attorney local to the decedent.

Is my mother responsible to pay for her dying husband of 16 years burial? His children have a POA

No, you mother does not have any personal obligation to pay for the funeral expenses. If there is a Will or a Trust, the trustee or executor my be...

I'm the trustee for one of two heirs of their father's estate. We're now primarily dealing with his Dynasty Trust. (cont.)

There is no crime in asking. Its not clear what the real issue is. Does the trust provide for termination if the trust falls below a certain...

Are joint living trusts legal in California?

Your grandparents should meet with an estate planning attorney and not try to do this on their own. The short answer is that a joint trust is just...

Trustee asked for my bank statment.

As my colleague points out, what are you addressing? Who's trust, what are your rights in the trust? Its not clear why a trustee would be...

I am the sole trustee of a revocable living trust. I have my children as beneficiaries . to share equally in the estate.

Yes they can, but I would not necessarily recommend it. Can your children resolved arguments amongst themselves or disagreements? Throw in money...

Selected as the best answer

I was recently asked to be the Trustee of a friend's living trust. I agreed and I understand the fees are statutory.

Its hard to say. It depends on what you are going to be doing and what you experience is. If the grantor has capacity, the grantor is free to...

How much time is given to find an estranged sibling to settle a life insurance policy?

Its not clear what you are saying. Including the life insurance proceeds, I assume you mom's estate was less than $150,000 so probate is not...

Inherited investment account at hard money lender, but they wont let me cash it out

You have to look at the agreement they had with your mom and the terms. You did not inherit more rights than she had. If she couldn't cash it out...