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In Texas, a physician set up irrevocable trusts for his 2
In Texas, a physician set up irrevocable trusts for his 2 children. The trusts expire when the children turn 25. Is there another vehicle which can be formed to protect the assets in those trusts? Tha… read more
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Here is a question about living revocable trusts and entity
Here is a question about living revocable trusts and entity formation. Currently, I am married and living in Virginia. I am interested in forming two living revocable trusts, one for my wife and anoth… read more
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Greetings. My question has to do with a friend of mine who
Greetings. My question has to do with a friend of mine who owns a small business with her brother. They are equal partners and the business is 40+ years old. The brother is married (5 years) and filin… read more
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Bypass trust of deceased spouse of company founder and
Bypass trust of deceased spouse of company founder and majority stock holder funded with stock in an ESOP C Corp company with a bylaw that restricts ownership of stock to employees. Is this an issue?… read more
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Are you familiar with "masachusettes business Trusts?" If
Are you familiar with "masachusettes business Trusts?" If not, can you please rercommend where I may go to locate an attorney?… read more
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This question is. The trusts and property are in Nebraska.
This question is for Barrister.The trusts and property are in Nebraska. My wife and I live in CaliforniaSituation # ***** I am the beneficiary of my mother's trust. She has passed. The trust contains … 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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I reside in Idaho. I am a shareholder in a privately held
I reside in Idaho. I am a shareholder in a privately held Idaho corporation. I receive substantial monthly dividends (and a K-1). Idaho does not tax distributions made from a trust having nexus in ano… read more
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Im a Visual Artist living with AIDS, disabled and receiving
I'm a Visual Artist living with AIDS, disabled and receiving SS - still painting ... What can I do with my cash, real estate, my own paintings and my art collection of other painters that I've collect… read more
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What is the best legal vehicle to protect assets under the
What is the best legal vehicle to protect assets under the following circumstance: 4 individuals (currently in 3 different states) who jointly own 60 acres in a 4th state. 2 of the individuals are par… read more
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we are growing older. i understand some people change their
we are growing older. i understand some people change their property deed to their children which allows parents to stay their during their life, but they, the children are the true owners/ is that a … read more
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How do I include my California Sub-chapter S Corp in my Living
How do I include my California Sub-chapter S Corp in my Living Trust? I am the sole share-holder and would wish upon my decease that this ownership be transferred to one individual (who is also named … read more
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Prior to our marriage my husband created a revocable truest
Prior to our marriage my husband created a revocable truest and Asset Limited Partnership with his 3 sons. His rights remain at 51%. Our house is in the trust. How do I protect myself after his death.… read more
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My sister is currently living in an assisted care facility
My sister is currently living in an assisted care facility and receiving SSI and Medicaid. we are both equal beneficiaries of our family trust. The proceeds have not been distributed yet and my sister… read more
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mymom is not in good health she may need long term care soon
mymom is not in good health she may need long term care soon sshe has about 90,000 in annuities and home worth about 80,000. how can protect her assets… read more
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I have a living trust. I have an investment property in the
I have a living trust. I have an investment property in the trust and I hold shares in a company that I am planning on putting in the trust as well as other assets in the trust. If I were ever to get … read more
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Asset Protection-Estate and litigation Question. I es
Asset Protection-Estate and litigation Question. I established in 2001 a Texas trust (family partnership) that is composed of an 1%irevocablee insurance trust, 1% limited liability company in Nevada, … read more
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Meet the Experts:

RayAnswers

RayAnswers

Attorney

7,545 satisfied customers

Texas lawyer for 30 years in Estate law

Barrister

Barrister

Attorney

7,487 satisfied customers

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

Ely

Ely

Counselor at Law

1,867 satisfied customers

Fully licensed attorney in Texas in private practice.

RobertJDFL

RobertJDFL

Attorney

1,685 satisfied customers

Experienced in multiple areas of the law.

Nate

Nate

Attorney

1,533 satisfied customers

Over 10 years of legal estate experience.

P. Simmons

P. Simmons

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1,459 satisfied customers

12+ yrs. of experience including estate law.

ScottyMacEsq

ScottyMacEsq

Attorney

1,425 satisfied customers

Licensed Texas General Practice Attorney

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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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