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How does one change a beneficiary in a trust (trust #1) to
how does one change a beneficiary in a trust (trust #1) to have the beneficiary's trust (trust #2) become the beneficiary of trust (#1)… read more
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My home has been placed in an irrevocable trust. What if I run out of mney? Can I sell the property?… read more
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Residence is in Florida. Our Mother and Father established
Residence is in Florida. Our Mother and Father established a revocable living trust in both names, i.e. The ***** ***** and ***** ***** Living Trust. Mother died and dad is buying property and wants t… read more
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We are thinking about setting up a an irrevocable trust for
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Two questions about buying a homestead from an Irrevocable
Two questions about buying a homestead from an Irrevocable Trust. 1. If the Trust states that a Beneficiary can purchase the home from the Trust at 80% the Trust Appraisal, then would the Appraisal st… read more
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If a trust owns a home and sells it, does it have to pay capital
If a trust owns a home and sells it, does it have to pay capital gains like an individual would? If the trustees dissolve the trust subsequently, each receiving their share of the proceeds, will they … read more
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In 2004 grantor steps down as trustee (Irrevocable) and appoints
In 2004 grantor steps down as trustee (Irrevocable) and appoints his daunter to trustee. While he is still alive, she sells two parcels of land and never notifies other beneficiaries about the sale. A… read more
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Unfortunately I forgot to read a letter from the attorney who
Unfortunately I forgot to read a letter from the attorney who planned my estate and so it is probably too late to do anything about this even if this should have been done, unless I can by a book or d… read more
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If a family trust says to liquidate property, doesnt that
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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
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I am being sued for an auto accident (for which I was at fault)
I am being sued for an auto accident (for which I was at fault) back in November. I am also in the process of buying my first house at $750,000. (I have no other assets as the money is being gifted to… read more
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I and my sister are trustees of my mother's Lifetime Irrevocable Trust (though 4 of us are the beneficiaries of the trust). It is a Grantor Trust. My mother is in a home for dementia care and we just … read more
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In Pennsylvania, can my son serve as the trustee of my irrevocable
In Pennsylvania, can my son serve as the trustee of my irrevocable trust? He is also a beneficiary to the trust. If not, can my son in law act in that capacity as he is an attorney? He is not a benefi… read more
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Hello Rachna I have a question on how long ( duration) an
Hello Rachna I have a question on how long ( duration) an Intentionally Defective Irrevocable Trust is permitted to exist after the grantor dies. If it takes thee to five years for the Trustee to prep… read more
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Five years ago my wife put our second home in a qualified personal
Five years ago my wife put our second home in a qualified personal residence trust for our two children. It has a seventeen year term and there is a large mortgage on the home. We now would like to se… read more
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My husband has dementia, I was told an irrevocable trust with
My husband has dementia, I was told an irrevocable trust with me & my husband as grantors & trustees would protect our assets in the event he would have to go into a home. I read on a site that I woul… read more
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I am the beneficiary (6 total equal beneficiaries) and executor
I am the beneficiary (6 total equal beneficiaries) and executor (1 of 2) of an irrevocable trust that holds real estate properties. My father died 3 years ago, my stepmother has onset dimentia. Her da… 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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