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My father died and had a basic A/ Trust. I need to transfer
My father died and had a basic A/B Trust. I need to transfer 1/2 of the assets into a "bypass trust" and, since his assets are just two savings accounts that are about equal it seems pretty straight f… read more
LegalGems
LegalGems
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This concerns a living trust in California created in 1988,
This concerns a living trust in California created in 1988, restated in 1989. The first trustor died in 1998, the second in 2012. The last trustor to die had made an amendment in 2010 whereby the asse… read more
LegalGems
LegalGems
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When a trust is inherited by a surviving spouse, is there a
When a trust is inherited by a surviving spouse, is there a stipulation to any change the surviving spouse can not make?… read more
LegalGems
LegalGems
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Two questions (for the price of one :)):1. Wife died in
Two questions (for the price of one :)): 1. Wife died in 2012 before portability became a permanent IRC. The couple had an AB trust and the wife estate was well below the estate exclusion. Could the s… read more
Gerald, Esq
Gerald, Esq
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I am in California and wish to give my wife a life estate in
I am in California and wish to give my wife a life estate in my residential house. I understand that a QTIP Trust is a way to do this. Is that correct? Does the QTIP trust help with tax consequences l… read more
socrateaser
socrateaser
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My father and step mother set up a trust. She died first and
My father and step mother set up a trust. She died first and then my father took some of the money out of the trust and set up an account with his children not hers as beneficiaries. The trust was set… read more
LawGuy
LawGuy
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My father just passed away and as it has been explained by
My father just passed away and as it has been explained by his surviving wife there were three trusts. A living trust for when he was here, a spouse trust and a family trust. No that he has passed all… read more
Barrister
Barrister
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For an AB Living trust, can an item put into the trust by and
For an AB Living trust, can an item put into the trust by and under control of the husband be put into the wife's schedule inside the trust. I have US Savings Bonds that I would like to put on my wife… read more
Law Pro
Law Pro
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Husband and wife had an A-B trust. Husband died. Wife, as
Husband and wife had an A-B trust. Husband died. Wife, as trustee, funded B trust by making B trust the beneficiary of 3 annuities on her life. Insurance agent stole the annuity funds and was criminal… read more
socrateaser
socrateaser
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I have an ab living trust. My wife will die in a few hours
I have an ab living trust. My wife will die in a few hours or this weekend from an anurism. Our assets are close to or a bit over 5,000,000. Should I cancel the living trust while she remains alive? I… read more
lwpat
lwpat
Doctoral Degree
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I have a married client who has a gross estate valued at $10
I have a married client who has a gross estate valued at $10 million dollars and no will or trust. If the husband dies in 2011 and leaves everything to the surviving spouse, it is my understanding tha… read more
Barrister
Barrister
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Scenario H dies first leaves - W, 10 Children, 20 Grandchildren,
Scenario: H dies first leaves - W, 10 Children, 20 Grandchildren, 40 Great-grandchildren Value of Assets Home 1Mill owned jointly by H&W Life Ins 50Mill - personal policy on husband's name Pension pro… read more
ScottyMacEsq
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How to protect assets with a trust but still have full use
How to protect assets with a trust but still have full use of the money. What type of trust to use?… read more
Roger
Roger
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Doctoral Degree
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My husband had an AB recovable living trust with his now deceased
My husband had an AB recovable living trust with his now deceased wife. Upon her death, (4 years ago) it is my understanding that this trust is now irrevocable. My husband has made several amendments … read more
Infolawyer
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Two questions (1). We are creating an AB Trust, in California,
Two questions: (1). We are creating an AB Trust, in California, and need an answer to the following: We want to leave 50% to each of our two children, children from earlier marriages. Is there a way t… read more
socrateaser
socrateaser
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If a Living Trust in California: it states that it may be
If a Living Trust in California: it states that it may be amended per the conditions set forth in the Trust, and the Trust states "Settlors may at any time jointly amend". However, the Survivor Settlo… read more
Karin
Karin
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I am an US citizen in the state of MA. Can a relative oversea
I am an US citizen in the state of MA. Can a relative oversea who is not a US citizen inherit all my assets after I died? Can this be set up in the living trust? How much tax my relative has to pay to… read more
Daniel Solutions
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A friend and her spouse have a Revocable living trust prepared
A friend and her spouse have a Revocable living trust prepared in 2006 (California). The husband died on 12/11/2008. They have one son. On May 6, 2009 my friend received a letter from an attorney, sta… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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