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Recent Irrevocable Trust questions
How do I determine weather or not a Trust is statutory or
how do I determine weather or not a Trust is statutory or non-statutory?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: This service is very kool! WAJA: Have you talked to a lawyer yet?Customer: many over the years, but none on this trust...JA: Anything else you think the lawyer should know?Customer: not on this direct question.... Thanks
Is it a crime to employ a family member, loan them money to
Is it a crime to employ a family member, loan them money to buy a property? Also what is the limit to the amount of money you can give a person as a gift before it becomes taxable? I had all these questions come up during a investigation concerning my mother 1 year after the transfer which was done before any knowledge of the investigation
My father passed away and had an irrevocable trust that I
Hello, my father passed away and had an irrevocable trust that I was apparently mentioned in. His wife is mow not speaking to me and I have no way of finding out how togo about finding out anything.JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: ArizonaJA: Are we your first resource? And has anything been filed in court?Customer: yes you are first resource. I do not know if anything has been filed in court. He passed away July 30JA: Anything else you want the lawyer to know before I connect you?Customer: no
My niece ( I'll call her Gina) lives in Florida, is age 40
My niece ( I'll call her Gina) lives in Florida, is age 40 and disabled with MS and has a daughter(age 10). She is of sound mind though her health is declining and she is depressed. She receives SSA and medical insurance herself and children's benefits and medical insurance for her daughter from Florida.Her mother established a living trust in May 2013 which became a special needs trust for Gina upon the mother's death ( she died 8/26/14). It was the intention of the mother that Gina not lose the disabled benefits she receives thru Florida now or any future disabled benefits she might qualify for from any other government agency. The family attorney set up the trust and the trustee worked in his office--he oversaw the trustee and Gina felt comfortable with this as he was highly regarded by the family.Since the mother's death things gave drastically changed. The attorney got really sick shortly after and died in May 2015. The relationship with the trustee which was cordial has badly deteriorated since the attorneys death. The trustee is in a different office now. There is no communication except by text between parties and often texts are ignored completely. Gina has no idea what is in the trust, if any income is being produced from it or what expenditures have been made by the trustee! The trustee told her by text that there was an $80,000 estate tax bill due.I have been asked by Gina to become her power of attorney and guardian and also to become guardian for the child as Gina's health is declining. I am concerned her best interests are not beingproperly considered! The child is also sick as well now.Questions:How can this be accomplished and what will be my responsibilities assuming I accept?How do we find out what is exactly in the trust?How do we get tax returns and an accounting of the expenditures made from the trust?The mother's house is in the trust but is not on the market for sale or rent. It's been 15 months since the Gina moved out of it and back to her own house. Gina and her child lived there and cared for her ill mother for 3 years before her death. How do we find out what's going on with that?Can someone else be appointed trustee?I regret this is long but I live in NJ and need to help her!
We are owed in excess of 25, 000 for cutting and hauling
We are owed in excess of 25, 000 for cutting and hauling wheat for a farmer.He refuses payment.Can we place a lien against the irrevocable trust of his deceased father, against this farmer?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: OklahomaJA: Have you talked to a lawyer yet?Customer: NoJA: Anything else you think the lawyer should know?Customer: This farmer that owes money has s past history of this for over 40 years, filed bankruptcy regularly
I am 66 and undecided as my best option of a will or doing a
I am 66 and undecided as my best option of a will or doing a quitclaim. My stepgrandson is my only heir and I want him to have my house with as little crap as possible. i DON'T waant a long probate like I just went thru with my mother. I still have a mortgage which he can handle with the insurance money. Is there an easy way to do this?
In New York City there are affordable housing programs thatView more legal questions
In New York City there are affordable housing programs that have income and asset restrictions. The asset restriction is "applicants may have no more than $250,000 in total household assets (excluding specifically designated retirement accounts such as IRAs and 401Ks)." I meet the restrictions for income limit, but not for assets.I have no significant assets beyond what I recently inherited: stocks and mutual funds in excess of $250,000. I am sixty-eight years old, retired (for six years), and disabled. My only other income is Social Security benefits and a very small pension ($7,664/yr); so, in effect, these stocks and mutual funds have become my "retirement account," but because they aren't in a "specifically designated account," I seem to be disqualified from entering any of the affordable housing lotteries that occur in New York City.I can't see any way around this predicament. Is there one?