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Related Estate Law Questions
My wife and I have wills but do we need a trust instead to
My wife and I have wills but do we need a trust instead to stay out of probate when either one of us dies so the other will not be lost financially? … read more
Attyadvisor
Attyadvisor
Doctoral Degree
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I live with my mother in NY. my mother wants to create a
Hello, I live with my mother in NY. my mother wants to create a irrevocable living trust. i am thinking about doing business someday and she want to protect my mother's house from my creditors. my mot… read more
Barrister
Barrister
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Client has a 1999 ILITA and would like to transfer ownership
Client has a 1999 ILITA and would like to transfer ownership and beneficiary of insurance policy to new 2016 ILITA. Trustee has power to sell or assign policy. Can Trustee assign policy by tranferring… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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We are thinking about setting up a an irrevocable trust for
We are thinking about setting up a an irrevocable trust for our mother's small estate, which includes a business, some investments and a home. What are the tax implications of doing this ?… read more
Attorney2020
Attorney2020
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I have recently learned about 541 Trusus and would like to
I have recently learned about 541 Trusus and would like to know if that would be a good vehicle for me to use. I have a house with a mortgage, rental property also mortgaged, a 401k acct, life insuran… read more
socrateaser
socrateaser
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I live in NY and I have a property in CA. I am trying to avoid
I live in NY and I have a property in CA. I am trying to avoid any type of medi cal or medicaid issues with liens or estate claims on my property. I want to transfer it to my children and I want to do… read more
Barrister
Barrister
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Hi I am have question about an irrevocable trust. For some
Hi I am have question about an irrevocable trust. For some possibly relevant background I will tell you that the house was originally mortgaged by my spouse and their ex. Now, their ex is off the deed… read more
socrateaser
socrateaser
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I would like to transfer my person home to a revocable trust.
I would like to transfer my person home to a revocable trust. I have no intentions to gifting it to my beneficiaries yet. I am mid 40th. Simple strategy to avoid probate. Please explain Grantor Trust.… read more
Ellen
Ellen
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Doctoral Degree
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I am the sole owner of a house and land in Florida and I am
I am the sole owner of a house and land in Florida and I am neither a US citizen nor a resident. I am from an independent island in the caribbean. I want, upon my demise, for my property to be passed … read more
Brent Blanchard
Brent Blanchard
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Doctoral Degree
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If the Nevada Spendthrift Irrevocable Trust Asset Protection
If the Nevada Spendthrift Irrevocable Trust Asset Protection set up as example follow: Grantor/Trustee/Beneficiary is the same person named "Jane Doe". IS IT LEGAL TO TRANSFER BACK THE TITLE... From: … read more
Law Educator, Esq.
Law Educator, Esq.
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Can the founders of a irrevocable trust fund change the
can the founders of a irrevocable trust fund change the trust before they die-do they have any rights after these are set up. Case in point a founder lost his fortune and now his kids will not share t… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
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In Pennsylvania, can my son serve as the trustee of my irrevocable
In Pennsylvania, can my son serve as the trustee of my irrevocable trust? He is also a beneficiary to the trust. If not, can my son in law act in that capacity as he is an attorney? He is not a benefi… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
My husband and I live in a California State veterans home.
My husband and I live in a California State veterans home. We have a revocable trust. We now realize our assets are not protected from the State upon the death of one of us. How can we we protect our … read more
Daniel Solutions
Daniel Solutions
Doctoral Degree
5,212 satisfied customers
i am faced with asbestos lawsuits and possible foreclosuee
i am faced with asbestos lawsuits and possible foreclosuee (business mortgage,line of credit, ceditors liens have a ten year old irrevocalbe trust with 65 shares in the business within the trust iIam … read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
Re irrevocable online trust form to protect checking & savings
Re irrevocable online trust form to protect checking & savings accounts can I make these changes: property to accounts Estate to Fund Disposition of Pricipal & Income to Deposit & Withdrawal of Funds… read more
Brent Blanchard
Brent Blanchard
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If my Dad, who is still living, wanted to sell me his farm
If my Dad, who is still living, wanted to sell me his farm (appraised at 2 million) for 300 thousand, what are the rules for this type of sale? Can you get the property reappraised? Would it be worth … read more
lwpat
lwpat
Doctoral Degree
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what kind of a trust will protect a second home that isnt
what kind of a trust will protect a second home that isn't a homestead from a lawsuit. I want to put a second home in my child's name age 20 because I want to protect the asset. she is living there no… read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
5,145 satisfied customers
I need info. on an irrevocable trust and a grantor trust.
I need info. on an irrevocable trust and a grantor trust. If I have an irrevocable trust and open up an account under the irrevocable trust agreement for CD's or money market funds, and I agree to be … read more
socrateaser
socrateaser
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Meet the Experts:

Thomas McJD

Thomas McJD

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Wills, Trusts, Probate & other Estate Matters

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RayAnswers

RayAnswers

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Texas lawyer for 30 years in Estate law

Infolawyer

Infolawyer

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Licensed attorney helping individuals and businesses.

Ely

Ely

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Fully licensed attorney in Texas in private practice.

RobertJDFL

RobertJDFL

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P. Simmons

P. Simmons

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12+ yrs. of experience including estate law.

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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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