How long can an estate remain open? When does the real estate property need to be transferred into the names of the heirs?
Thomas's answer
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Answered on February 01, 2009
Obviously you should try to avoid keeping this estate open for the next four years. The probate court will want Accountings, and in some...
Are the assets protected by a revocable trust required to be used to pay off unsecured credit card debt after death ?
Thomas's answer
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Answered on February 01, 2009
You are correct that the credit card debt is not inherited by a beneficiary, however, that has a limited meaning. That meaning is that the...
Archived
What is most ecominical way to revise family trust set up in Calif. over 10 years ago? Also need to update wills.
Thomas's answer
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Answered on February 01, 2009
Since your trust is over ten years old, you should review it with an estate planner anyway, irrespective of your relocation to SC. This is because...
Archived
Real Estate planning
Thomas's answer
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Answered on February 01, 2009
It would be helpful to know the marital property system of your state of residence, and the family facts involved. If your home is the community...
Archived
Real Estate planning
Thomas's answer
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Answered on February 01, 2009
It would be helpful to know the marital property system of your state of residence, and the family facts involved. If your home is the community...
I bought real property from a living trust and the seller did not disclose problems about the house do I sue the trust
Thomas's answer
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Answered on January 31, 2009
A Trustor/Settlor of a living trust generally cannot insulate himself from liability for non-disclosures by attempting to interpose his revocable...
Are living trusts transferable state to state?
Thomas's answer
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Answered on January 31, 2009
Your trust may direct that California law shall apply to matters of construction and also as to determination of default distribution patterns, if...
Archived
I want to have a trust set up for myself and wife instead of just a will as we now have. Our the online trust worth the money?
Thomas's answer
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Answered on January 31, 2009
The important task in setting up a modest estate plan is not filling in the blanks to create the instrument, it is in determining the right trust...
How much should a typical "850" petition cost?
Thomas's answer
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Answered on January 30, 2009
It may be that something unexpected came up during the proceedings. Possibly there were objections, or a probate examiner raised calendar notes...
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