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Recent Living Trust questions
My mother lives in Michigan, owns her car and house. She is
My mother lives in Michigan, owns her car and house. She is 81 with no will or living trust, she has a debt of 27,000.00 she owes to Visa. My mother wants all four children to inherit her home, but with her visa debt, I am not sure what happens. Do we get a living trust? what happens if she dies a month after the trust? What happens to the 27,000.00 she owes to Visa? My mother's name is ***** ***** one on the visa.
My father passed away last November 2015. He had left a will
Hi,My father passed away last November 2015. He had left a will for his 6 children and he had a substantial amount. My sister who is executor of the will, made changes last year and I'm concerned she made alterations that would affect my inheritance. We are not in the best of terms and my brother made a statement " YOU do not want to be on her bad side".As of last week, she stated that there is still unfinished business and would take awhile and the inheritance would not be substantial. I am concerned because she just returned with her children to Italy and her children are not well off.Is there a way to look at the original will and/or request the new one? Unfortunately, I had been out of work and needed the inheritance to help with my family.Thank you
I am the trustee of an irrevocable house trust, the house is
I am the trustee of an irrevocable house trust, the house is the only asset in the trust. My mother was the grantor and has been deceased for over 3 years. I would like to dissolve the trust as the reason for establishing the trust, asset protection, no longer exists. I am aware of the steps involved in dissolving the trust. My question is: When the trust is dissolved what happens to the assets in the trust? Does the house in the trust transfer to the trustee? Does the house have to go through probate? I would like to refinance the house and pass my sister her half and retain ownership. Thanks for your help.
My Grandmother passed on June 24th and had a revocable
My Grandmother passed on June 24th and had a revocable California living trust, of which I and my cousin are successor trustees. It was created by my Grandparents in 1988. My Grandfather passed in 2010, but the trust wasn't split into a separate marital trust and residual trust. However, there were no changes to the beneficiary designation after my Grandfather passed. Several of the beneficiaries initially specified have deceased before my Grandmother. How should I go about settling the trust? Are there any laws or forms I need to be aware of? Also, the trust contains a timeshare property and it wasn't directly granted to a specific beneficiary. Does the property need to be sold and the profits added to the trust? Does the trust need a new Tax ID?
Ray, I did another points relied on and made some changes
Hi Ray,I did another points relied on and made some changes and I would be appreciative of your opinion and review of the RSMo and the case studies to make sure they are correct. Some I took from what my lawyer did, but after I found out he let this go to trial on my mother and again if I am correct 473.444 time barred them and if they wanted an accounting to remove myself on my son 469.409 would have barred them as well.Since this is after the fact because the trial was in 12-2015 can I still bring this up as my defense.Can you let me know how long this takes you to look this up so I can compensate you accordingly.Thank you.
My dad was killed in a car crash 2 months go. my dad had a
My dad was killed in a car crash 2 months go. my dad had a trust fund left me everything in the trust fund he filed a homestead and abandoment homestead the people involved in car crash had injuries their attorney wants copies of my dads trust fund so i have to send them copies and because my dad has homestead will i be ok please help me thankyou stephanei caffejian
My mother had a living trust in which she stated her intentView more estate law questions
My mother had a living trust in which she stated her intent to place the final distribution of an inheritance left to her by a cousin. The bank trust department still had not distributed the entire amount before she died. The bank now wants to put the money in her "estate" and not in her trust as she wished. Is there any reason that the funds cannot be transferred into her trust? I have already requested and received a small estate probate in Fauquier Co for what was left outside the trust. If the inheritance distribution goes into her estate I will have to reopen Probate and pay estate tax.