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I live in California. What are the advantages of putting our
I live in California. What are the advantages of putting our home and rental properties in a family trust? What are the disadvantages?… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
5,629 satisfied customers
My husband and I need to make new wills. He is a resident of
My husband and I need to make new wills. He is a resident of PA and a snowbird. I am a resident of FL. We own property together in both states. We are in our 70s and need to know how to handle this in… read more
Attyadvisor
Attyadvisor
Doctoral Degree
8,556 satisfied customers
Thanks to my prior question, Currently, my wife and I are
Thanks for responding to my prior question, Currently, my wife and I are preparing separate living trust documents. What are the advantages and disadvantages of having her as a co-trustee on my trust?… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
5,629 satisfied customers
My wife and I are 49 & 52 respectively. Two children, 11 and
My wife and I are 49 & 52 respectively. Two children, 11 and 5. Need a Living Will or Trust? Advantages to either?… read more
Dwayne B.
Dwayne B.
Juris Doctor
28,766 satisfied customers
My wife and I, both Ohio residents, would like to know advantages
My wife and I, both Ohio residents, would like to know advantages and disadvantages of a will vs. revocable living trust. We have two adult children and each of them have at least 1 child, and at leas… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
5,629 satisfied customers
I am 66 years old and just got married to a 79 year man. He
I am 66 years old and just got married to a 79 year old man. He has no children from his first marriage. Before we got married, his trustee is his niece. Now that I am his wife, he would still want hi… read more
Expert
Expert
Weighing option of doing a Will or a Living Trust instead.
Weighing option of doing a Will or a Living Trust instead. Can you give me the advantages and disadvantages of each?… read more
J. Warren
J. Warren
Attorney
Doctoral Degree
2,241 satisfied customers
My elderly father is confused about the best way to title his
My elderly father is confused about the best way to title his bank accounts. He has a family trust and a will. Upon his death, I would be the executor of his estate. I am currently on his checking acc… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
Hi, i have a few questions regarding family trusts from a board
Hi, i have a few questions regarding family trusts from a board of directors perspective to see if suits would be picked up by our insurance policy or not. For our purposes let's call it Company A. Tr… read more
Ely
Ely
Counselor at Law
Juris Doctor
1,867 satisfied customers
I am in the process of speaking to someone to set up a family
I am in the process of speaking to someone to set up a family trust so I can put my houses and cd's in so to avoide any losses if either my wifo or I had to go to a nursing home. I live in New Jersey … read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
5,145 satisfied customers
All of our assets, house, car, bank account, etc. are currently
All of our assets, house, car, bank account, etc. are currently in living trust. 1. What are the steps involved in setting up an irrevocable trust? We would use our daughter, who is a FP, to be the tr… read more
JaxLaw
JaxLaw
Associate Attorney
Doctoral Degree
1,722 satisfied customers
I would like an attorney familiar with estate work to answer
I would like an attorney familiar with estate work to answer my questions. What are the advantages and disadvantages of a charitable remainder trust?What advantages does a revocable trust have over a … read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
We are in a second marriage, one of us with 3 children and
We are in a second marriage, one of us with 3 children and one with only 1, all adults. We are making a living trust reinstatement of an A/B and Bypass Trust. 1. With a Single (type A) trust, if one o… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
My husband made a Will in 2003. Now we want to make a new will.
My husband made a Will in 2003. Now we want to make a new will. The Will was made by his lawyer, and is lying with his law office. Now we want a different lawyer to make the will. Do we need to go and… read more
Daniel P.
Daniel P.
Managing Attorney
Juris Doctor
2,741 satisfied customers
My wife and I each have a revocable living trust and we are
My wife and I each have a revocable living trust and we are co-trustees on each. If we have total assets worth more than the federal estate tax limits, yet our house is only worth $150,000, is it adva… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers
Hello! Thank you so much for reading this.... Here is my question.
Hello! Thank you so much for reading this.... Here is my question. Should I make a living trust instead of a will? I have not yet had either. I am a 51 year old single woman who has no children/depend… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers
For refinancing in MD, what are the advantages/disadvantages
For refinancing in MD, what are the advantages/disadvantages of closing in both my wife's and my individual names versus in the name of a trust? We do not have such a trust at present. Thanks, Joe McB… read more
TJ, Esq.
TJ, Esq.
Juris Doctor (JD)
11,567 satisfied customers
Hello, a few questions How hard is it to dissolve a ...
Hello, a few questions How hard is it to dissolve a trust fund? If the only stipulation of the trust is the beneficiary can not access the principal or income without the consent of the trustee/fiduci… read more
martyburbanklaw
martyburbanklaw
Post-Doctoral Degree
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Meet the Experts:

Thomas McJD

Thomas McJD

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RayAnswers

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Texas lawyer for 30 years in Estate law

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Infolawyer

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RobertJDFL

RobertJDFL

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P. Simmons

P. Simmons

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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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