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Situation: We have an insolvent estate in NY state / New
Situation: We have an insolvent estate in NY state / New York City where creditor claims exceed the value of the estate ( The estate's only main asset is a house which needs to be sold to pay creditor… read more
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I am one of two beneficiaries of our dad's Trust, which is
I am one of two beneficiaries of our dad's Trust, which is managed by his lawyer/trustee. Our dad passed away 2+ years ago and the property division has yet to occur. We are divided on the valuation. … read more
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As an administrator in a California Probate estate in Los
As an administrator in a California Probate estate in Los Angeles, downtown courthouse. We are filing the final petition for termination. All Heirs-at-Law have waived the accounting, those. Waivers ha… read more
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The successor trustee of dads trust is instructed to transfer
The successor trustee of dad's trust is instructed to transfer to mom a sum equal to the maximum marital deduction allowable at my death (2013). Since the value of the trust is much less than that amo… read more
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I own waterfront property in Connecticut. I am 61 retired my
I own waterfront property in Connecticut. I am 61 retired my wife is 58 working full time. I would like to entertain a living trust with my two sons 29 & 31 yrs. of age. Our desire is to spend some ti… read more
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My husband is executor of his fathers estate. The will was
My husband is executor of his father's estate. The will was made 10 years after his father had remarried, but that wife is not mentioned at all in the will - not by name, not as "my wife." Nothing at … read more
originallawyer
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In Calif. My wife and I had all assets in a family trust. She
In Calif. My wife and I had all assets in a family trust. She just died and atty says that a new trust has to be set up to take her half of the assets from the family trust. Is this correct?… read more
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I need to fund a bypass trust with $1.2 million. Do I use
I need to fund a bypass trust with $1.2 million. Do I use the valuation at the date of death to determine what goes in, or do I use the value at the date of transfer to the bypass trust?… read more
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Its Tom in Michigan again... Are you familiar with a QTIP election
Its Tom in Michigan again... Are you familiar with a QTIP election and inheritance tax Indiana?… read more
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My brother and I are co-trustees and equal share beneficiaries
My brother and I are co-trustees and equal share beneficiaries in a Trust that includes my parents' house and 11 acres of land, 5 of which are on a separate lot that is presently up for sale. My broth… read more
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my husband died and had no will and he has 5 houses with his
my husband died and had no will and he has 5 houses with his name on them we have a 18 years old son togather do we get every thing , and one bank account with just his name on the account thank you D… read more
Isaac, Esq.
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I live in Texas and am happily married. We each have 2 grown
I live in Texas and am happily married. We each have 2 grown girls. My parents have a large sum of money and property in a trust for myself and my siblings. They have specified that 2 of my siblings o… read more
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My wife and I have real estate and investment accounts totaling
My wife and I have real estate and investment accounts totaling about one million dollars in value. We want to be as sure as we can that these assets go to our daughter only, even if she has married w… read more
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My Father died in Texas and his will is in probate there.
My Father died in Texas and his will is in probate there. If I am divorced in Massachusetts, is my wife entitled to any of the monies that I receive as part of my Father's bequest. Is that part of the… read more
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Im back again. The successor trustees attorney estimates
I'm back again. The successor trustee's attorney estimates the total proceeds of B & C to be $1.5M. Subject to the the actual estate tax exemption amount which the attorney estimates to be $200,000, a… read more
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Could you please tell me if there is something called a widows
Could you please tell me if there is something called a widows law in N orth Carolina which would pre empt a will? My father passed away and my brother said his properties went to my fathers 3rd wife … read more
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If a spouse dies while still legally married and living in
If a spouse dies while still legally married and living in the same residence, what happens to the other spouse's part of the residence? if there is a will and another person is named in the will to i… read more
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In a marital trust ; does Share A always have to be the tax
In a marital trust ; does Share A always have to be the tax exempt share for the wife by law? Also is the wife allowed to be in the other share with the other beneficiaries?… read more
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Meet the Experts:

Thomas McJD

Thomas McJD

Attorney

6,516 satisfied customers

Wills, Trusts, Probate & other Estate Matters

Barrister

Barrister

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

RayAnswers

RayAnswers

Attorney

6,500 satisfied customers

Texas lawyer for 30 years in Estate law

Ely

Ely

Counselor at Law

1,867 satisfied customers

Fully licensed attorney in Texas in private practice.

RobertJDFL

RobertJDFL

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ScottyMacEsq

ScottyMacEsq

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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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