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I'm the trustee...There is a mortgage on the house and money
I'm the trustee...There is a mortgage on the house and money in the bank .The same bank hold both the mortgage and the money. The money in the bank equals about $10,000 more than the mortgage balance.… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
6,500 satisfied customers
I have a question about a document that was involved with a
I have a question about a document that was involved with a Trust. This particular document is concerning property, one of two houses that are held in the trust, and the Trustor is getting permission … read more
INFOLAWYER
INFOLAWYER
Partner
Doctoral Degree
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My father and mother have held (and re-stated) a revocable trust since
My father and mother have held (and re-stated) a revocable trust since 1990. My father passed away in January. My mother wants (and needs) me to become a trustee to manage this for her (she is 80 and … read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
5,447 satisfied customers
If a trust contains an amendment granting someone a life
If a trust contains an amendment granting someone a life estate ----but in language only--- no life estate deed ever having been prepared or signed or anything that I am aware of ( and l am Trustee an… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
6,500 satisfied customers
Regarding a Special Needs Trust:How s a Binding Agreement worded: &qu
Regarding a Special Needs Trust: How s a Binding Agreement worded: "in the Estate of_____" Is the name of the Trust placed in that line? or is the name of the Trustor put there? The "estate" of the Sp… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
6,500 satisfied customers
Parents left property to grandchildren in a generation skipping
Parents left property to grandchildren in a generation skipping trust. I, as son am trustee. As such I believe I should maintain the fire/burgular alarm system and insurance on one of the properties e… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
6,500 satisfied customers
Not sure if this applies to estate or real estate law but here
Not sure if this applies to estate or real estate law but here goes. My mother's Trust states that a house she owns will go to a daughter #1. The Trust subsequently states that should the value of the… read more
TJ, Esq.
TJ, Esq.
Juris Doctor (JD)
12,207 satisfied customers
Hi Barrister, I have a question about my family trust. I
Hi Barrister, I have a question about my family trust. I am currently listed as the Trustee and want to add my wife as a co-Trustee. Can I do this with a simple amendment? Thanks, Robert… read more
Barrister
Barrister
Attorney
Doctoral Degree
6,631 satisfied customers
Tulsa County State of Oklahoma Background: 1. In 1997 my
Tulsa County State of Oklahoma Background: 1. In 1997 my mom created a revocable living trust with her as the trustee and my brother and I serving as co-successor trustees. 2. In 1999 after suffering … read more
Richard
Richard
Owner
Doctoral Degree
52,648 satisfied customers
I am a co trustee and sole beneficiary of a RLT with my
I am a co trustee and sole beneficiary of a RLT with my mother which contains her primary residence as well as my grandmother's house which is rented. Estate value total about 500k. I want to purchase… read more
John Legal
John Legal
Doctoral Degree
3,418 satisfied customers
IN NEW YORK STATE MY PARENT OWNS A BUILDING, HAS A FEW BANK
IN NEW YORK STATE MY PARENT OWNS A BUILDING, HAS A FEW BANK ACCOUNTS AND STOCKS. SHE WANTS TO PROTECT HER ASSETS FROM MEDICAID IN THE EVENT SHE BECOMES ILL. WE ARE AWARE OF THE 5 YEAR LOOK BACK IN NYS… read more
N Cal Atty
N Cal Atty
JD
7,318 satisfied customers
Hello. My mother has all of her assets in a trust. She is
Hello. My mother has all of her assets in a trust. She is the trustee, and I am named as co-trustee. The Sucessor Trustee is the attorney who originally drew up the trust instrument. My mother is now … read more
Roger
Roger
Litigation Attorney
Doctoral Degree
27,169 satisfied customers
A California resident creates an irrevocable insurance trust
A California resident creates an irrevocable insurance trust and names her son as beneficiary, and as trustee a personal friend of hers. The trust creator confers from time to time with the trustee ab… read more
Daniel P.
Daniel P.
Managing Attorney
Juris Doctor
2,741 satisfied customers
i am the trustee of a AB trust. one of the grantors died.
i am the trustee of a AB trust. one of the grantors died. how do I fund the B trust? the trust consists of several pieces of real estate, stock and a bank account. also, the grantor died one year ago … read more
John Legal
John Legal
Doctoral Degree
3,418 satisfied customers
My cousin recently passed away. He had a bank account containing
My cousin recently passed away. He had a bank account containing approximately $30,000 cash at the time of his death. For the past 19 years, the title on the account was listed with him as trustor and… read more
Daniel P.
Daniel P.
Managing Attorney
Juris Doctor
2,741 satisfied customers
I want to add my son as co-trustee to my family trust. I currently
I want to add my son as co-trustee to my family trust. I currently am the only trustor/trustee. What language should I use in an amendment to add him as co-trustee?… read more
Barrister
Barrister
Attorney
Doctoral Degree
6,631 satisfied customers
My father died and left a Trust. He also left a house whose
My father died and left a Trust. He also left a house whose title bears his name and not the name of the trust. I am a co-executor for the trust. My father and I lived together. Every month I paid hal… read more
dkennedy
dkennedy
Attorney
Juris Doctorate
3,122 satisfied customers
My friend and I planned on buying a house together. My credit
My friend and I planned on buying a house together. My credit score would cause the bank to charge a higher interest rate therefore we put the mortgage only in her name. Now how do I get documentation… read more
INFOLAWYER
INFOLAWYER
Partner
Doctoral Degree
67,531 satisfied customers

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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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