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My brother and I sold my dads house that is in a revocable
My brother and I sold my dads house that is in a revocable living trust. My mom is deceased and my dad is in Memory care facility with my brother and I as POA. The proceeds of the sale were tax free f… read more
Barrister
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. My brother is purchasing my father's farm from his revocable
. My brother is purchasing my father's farm from his revocable living trust and the proceeds are to be split among the five siblings is my share taxable?… read more
TaxAttorneytoHelp
TaxAttorneytoHelp
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My parents created a living trust for the family. My Dad, Mom,
My parents created a living trust for the family. My Dad, Mom, older sister and myself. The original trust was set up to allow my sister to have ownership of 10 acres of property with one house on it.… read more
DamienJD
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My mom and dad owned a house and in the Trust it is to be given
My mom and dad owned a house and in the Trust it is to be given to my brother and sister. My mom died in May of 2013 and my dad died in July of 2014. The house sold in October of 2013 and the funds we… read more
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we have an 800 acre farm that is in a trust to all 8 of us
we have an 800 acre farm that is in a trust to all 8 of us kids. My mother is still a live so she gets the proceeds from it until she dies. My parents put in the will that if a sibling does not want t… read more
LegalGems
LegalGems
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Our sister had a trust set up for parents without my brother
Our sister had a trust set up for parents without my brother & me present. This Trust has a by-pass on a $2 million property to her Trust, & more. Dad is 86, Can he do an amendum so not to cause a hug… read more
socrateaser
socrateaser
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Thanks again for your help. I recd a letter from my Mothers
Thanks again for your help. I recd a letter from my Mothers atty today. Because I let her know that I would need 2 more weeks to move out --beyond the deadline she gave me to get out by june 30. Becau… read more
PaulmoJD
PaulmoJD
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My dad owns a 113 acre farm in NM. My mom passed away awhile
My dad owns a 113 acre farm in NM. My mom passed away awhile ago and my dad owns all assets him and my mom attained. I have a brother and a sister and we all live away from the farm. Currently my dad … read more
TJ, Esq.
TJ, Esq.
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My Mother recently passed away (10-27-12), she had been living
My Mother recently passed away (10-27-12), she had been living in Florida for 15-20 years. My siblings live in the same town as Mom, we all know she had a Will. I know it hasn't been quite a week sinc… read more
max713
max713
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My parents had a large rice and soybean farm. They were thoughtful
My parents had a large rice and soybean farm. They were thoughtful as always and prepared a revocable trust. My father passed away last year at this time and mom was the surviving spouse. Unfortunatel… read more
Law Pro
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my dad died a week ago and he always told me his trust was
my dad died a week ago and he always told me his trust was divided equally among my sister and myself. My mom is alive so I assume it goes to her first and after her deayh my sister and I would get it… read more
John Legal
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Doctoral Degree
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can succesor trustee gift $12,000 to herself and sister yearly,.
can succesor trustee gift $12,000 to herself and sister yearly,. who are beneficiares, not spend it yet keep it in another joint trust by both daughters and use it if need arises to take care of demen… read more
John Legal
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My 87 year old mother has a revocable trust. My mother is
My 87 year old mother has a revocable trust. My mother is listed as the first appointee (trustee) and my 2 sisters and myself are second appointee (co-trustees), collectively referred to as "trustee".… read more
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Im in the process of meeting with an Attorney on estate planning
I'm in the process of meeting with an Attorney on estate planning for my Dad. I would like to know what is the most cost effective way to do this. The attorney I spoke with is recommending an irrevoca… read more
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If a farm owned by my parents is taken out of their trust and
If a farm owned by my parents is taken out of their trust and my brothers name is XXXXX XXXXX the farm does the trust wording about the farm to be divided equally between us still apply? My brother wa… read more
LawGuy
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My husband and his brother are co-trustees and beneficiaries
My husband and his brother are co-trustees and beneficiaries of their mother's living trust. My husband and I want to buy Mom's house now so we can begin renovating it. She is still living in the home… read more
David L
David L
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My brother and my 91 yr. old mom parlayed their money to get
My brother and my 91 yr. old mom parlayed their money to get a family house as TIC 50/50 where my little charity case sister and her two kids can live with her and take care of her. She is frail but s… read more
Irwin Law
Irwin Law
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grandpa left estate [land] 40acers to his six children. per
grandpa left estate [land] 40acers to his six children. per stirpes. share and share alike.my mom [grandpas][ daughter wants to leave her one sixth to her kids not her brothers and sister. is this wha… read more
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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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