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On my life insurance policy the benefit is split between my
Hi. On my life insurance policy the benefit is split between my two boys. They are minors, 17 and 15. I have the payout going directly to them bc I didn't want it taxed. There's a trust in my will, ho… read more
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Richard
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My husband's father passed away last year. Article First of
My husband's father passed away last year. Article First of the Will stated « I give, devise and bequeath my cottage and it's contents to my son if he survives me and is 40 years of age or older. In t… read more
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Is an LIFE INSURANCE POLICY CONSIDERED PART OF DECEASED
is an LIFE INSURANCE POLICY CONSIDERED PART OF DECEASED ESTATES? ALSO IS THERE AN INHERITANCE OR ESTATE TAX IN TEXAS?… read more
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How much is an irrevocable trust? can I still have prop. 13,
how much is an irrevocable trust? can I still have prop. 13 … read more
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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
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My wife's sister recently died and had a 150k life
My wife's sister recently died and had a 150k life insurance policy. The deceased named one of their two brothers as the beneficiary as well as the executor and sole beneficiary of her estate in her w… read more
Irwin Law
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I and another sibling are co-executors. The decedent died
I and another sibling are co-executors. The decedent died without a will. The decedent had a retirement plan titled, Commonwealth of PA Deferred Compensation Program with a designated beneficiary, whi… read more
Dwayne B.
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We are looking to set my mothers assets into a irrevocable
We are looking to set my mothers assets into a irrevocable trust, the beneficiaries of trust will be two children. The funding of trust account will be about $150,000. This is exclusive of her home wh… read more
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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
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my father passed away recently. there is no will. he has a
my father passed away recently. there is no will. he has a deceased wife and recently re-married prior to his death. it was revealed to us during the making of final arrangements at funeral home, that… read more
Barrister
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When we filed for bankruptcy in 2009, my mother changed her
When we filed for bankruptcy in 2009, my mother changed her will so that my portion would go to my sons. Some time after the discharge in August of 2009, she told my sister that she had called the att… read more
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Beneficiary or probate for life insurance policy? Mr. P,
Beneficiary or probate for life insurance policy? Mr. P, was the beneficiary of a life insurance policy (50K) from his mother, Mrs. P. The 50K life insurance policy was not listed in the original qual… read more
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My Dad died yesterday, Jan 25, 2013, in Texas. He has an executed
My Dad died yesterday, Jan 25, 2013, in Texas. He has an executed will dated Jan 13, 2012. It looks to be a standard simple will. (1) How strictly must the named executor of the will follow the will? … read more
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Person A dies. They were the owner and the insured of a term
Person A dies. They were the owner and the insured of a term life insurance policy for $10 million. Person B is the beneficiary. 1) As I understand it, the death benefit is not taxable to Person B as … read more
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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
ScottyMacEsq
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Hi, first off I am writing to find info for a friend of my
Hi, first off I am writing to find info for a friend of my brothers that is in prison. First he wrote what was in the statement "Article V - A. Applicability. If my son is incarcerated by the Texas De… read more
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Financial exploitation. If someone understands this I would
Financial exploitation. If someone understands this I would like an answer. 88 year old grantor two trustee $6.4m Taken on a 6000 mile trip without first seeing a doctor (heart condition and edema) Sh… read more
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My father passed away in California six months ago. He had
My father passed away in California six months ago. He had a Conservator who is just now about to send the final accounting of debts to the courts. (Unfortunately his ex-wife got a hold of all his mon… read more
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Meet the Experts:

Barrister

Barrister

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21 yrs estate law, real estate. Wills/Trusts/Probate

RayAnswers

RayAnswers

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Ely

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Fully licensed attorney in Texas in private practice.

RobertJDFL

RobertJDFL

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Marsha411JD

Marsha411JD

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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.

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