I have a dilemma. My uncle died quickly after being
I have a dilemma. My uncle died quickly after being diagnosed with lung cancer. He had a collection of guns which could not be left for his children to sell on the streets, so he asked me to help sell the guns and give the money to his 3 kids. He was in the process (spoke with a living trust lawyer but died two days before signing it) of writing this in his living trust. I followed through with his wishes and sold the guns legally. I signed all the DOJ paperwork. Will I be the one responsible for any taxes? Will there be taxes? How much would I have to pay on $12,000? Is there anything else I should be concerned about?Thank YouEric
My dad passed away 33 years ago. My mom was left with no
My dad passed away 33 years ago. My mom was left with no money. I built a dormer on the house and raised my family here and helped my mom.I have a brother and a sister who when the house gets sold they want 1/3 of the original home as it stood before I moved in.I explained to them I should be entitled to if not all at least a partial pay back of all the money I laid out to maintain the home over the 33 years I have been here.They have never helped maintain the home or helped my mom.I do not believe the house should be a equal split excluding what I have done to my area of courseYour thoughts ?
Mother/Father had living trust. Father passed 2007. Trust
Mother/Father had living trust. Father passed 2007. Trust never updated. Mother passed 2016. A bank account was listed in the trust documents as an asset. However, never transferred to the trust. I, daughter, was added as a joint holder by my mom in 2007 when dad passed away. I know this is a grey area. Who owns the funds, me as a joint account holder or the trust.
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!
Husband and second wife had no will or living trust. The
Husband and second wife had no will or living trust. The husband was the breadwinner and had considerable investments in a brokerage account. The husband and wife both became ill with cancer. (The wife filed for divorce but did not conclude the divorce.) Two days before he died, she wrote a trust. She then died a few months later. The trust she wrote leaves to the beneficiaries percentages of her estate, which assumes his investments. My question is this: if he named beneficiaries as part of his brokerage account, does that pre-empt her ability to assume those assets and designate to her beneficiaries?
My father passed away four months ago and has a irrevocable
Hi, my father passed away four months ago and has a irrevocable living trust with my step mother who is living now. During my father's last three weeks of life he came to live in my home and verbally told me and my sister to go to his house and take 4 large framed photos and some small ones that were photographed by his father (my grandfather) 45 years ago. During his illness while he was still living at his home with his wife, he made copies of his house key and gave me his alarm code. We did go get those family framed photos and took possession of them 2 weeks before he died. i have just received a letter from her estate attorney demanded these items back. She has also asked for other small things that I never took possession of as well as a pressure cleaner that my father gave my husband and I 3 years ago. In addition, she is asking for 2 photo albums my father had. One was filled with photo of my mother and my sister and I and the other was his military photo album that she allowed me to take. Do I have to legally give these things back to her? Do I have to respond to what I feel is a ridiculous request?
Iam back i have more then one problem,when my mother passed
hi iam back i have more then one problem,when my mother passed there was a living trust three way split thats what the trust stated.i still have not received my third after the house was sold. Then there is the matter of my uncle holding 50,000.00 dollar from my parents estate ,to my knowledge the funds are still in his hands.at the same time all that wes going on my brother tryed to pull a fast one telling me he would give me 5.000 for our 40 ares i just laughed but he was serious.can you tell me how to get my inheritence,my sister and brother have been holding it for 9 years.one more ? can i put a lien on there assets.
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My brother had a will and a living trust. In s will he left
My brother had a will and a living trust. In his will he left my sister a portion of his rental house. My living passed away 5 months before my brother. My brother had a Survivorship Requirement which read: For all gifts uder this will, I require that the beneficiary survice me for sixty days before entitlement to such gift. We live in California. Who would get my sister's portion since she passed before my brother?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: I sent that in my message - CaliforniaJA: Have you talked to a lawyer yet?Customer: noJA: Anything else you think the lawyer should know?Customer: That's all I can think of. My sister has a husband still living and a grown daughter.JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Lawyer about your situation and then connect you two.
I have a Revocable Living Trust with Betzel and Kaufman in
I have a Revocable Living Trust with Betzel and Kaufman in Cincinnati, Ohio, Daniel Betzel. However, they apparently are not in business and I cannot find out who is taking care of that now. Can you help me find out who took over their business?