Estate Law

Estate Law Questions? Ask an Estate Lawyer.

Ask a Lawyer,
Get an Answer ASAP!

Estate Law

Here is the issue though of termination of the trust. The

Customer Question
trust goes for 10 years...
Here is the issue though of termination of the trust. The trust goes for 10 years, and at the 11th year is disposed of. However, If before the 10 years is up and both beneficiaries die, then the trust assets go to PETA. How can be reconciled in court when a 3rd party will probably not want to give up the potential for a windfall if both beneficiaries die.
Submitted: 1 year ago.Category: Estate Law
Show More
Show Less
Ask Your Own Estate Law Question
Answered in 44 minutes by:
5/24/2016
Estate Lawyer: Gerald, Esq, Lawyer replied 1 year ago
Gerald, Esq
Gerald, Esq, Lawyer
Category: Estate Law
Satisfied Customers: 4,290
Experience: 30 years of experience
Verified
Hello,Thank you for the additional question. I appreciate your support. One thing that you must remember in regard to legal processe: Almost everything is negotiable. At this point PETA is looking at a potential windfall, but they may get NOTHING. So one possible solution is to offer PETA a much lesser present day contribution in exchange for them waiving the potential but not certain future gift. Certainly the actuarial calculation on the life expectancy of you and your sister can be used to demonstrate the likelihood that PETA would get anything. I hope the information I provide is useful to you. I want you to be comfortable and satisfied with my attempt to assist you. Please, if you have ANY follow up questions, feel free to ask. Please note that I am generally unavailable Friday evening through Sunday. If you are dissatisfied with my response PLEASE let me know before giving me a negative review so that I may try to be of better assistance. Or if you prefer, let me know and I can “Opt Out” and your question can be re-posted without additional cost to you. I will be fair to you and only ask the same from you.Good luck. Please note: Information is educational and not given as legal advice. Only your local attorney can give legal advice. I can't establish or accept an attorney-client relationship with you. All posts are available for public viewing. Kind regards,Gerald (Please do not forget to rate me – click the five stars. It adds nothing additional to your costs, but it helps me greatly. Plus it is good Karma for you. Thank you.)
Ask Your Own Estate Law Question
Ask Gerald, Esq Your Own Question
Gerald, Esq
Gerald, Esq
Gerald, Esq, Lawyer
Category: Estate Law
Satisfied Customers: 4,290
4,290 Satisfied Customers
Experience: 30 years of experience

Gerald, Esq is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

My husband has been driving me insane with questions regarding estate issues since his mother died. I'm not a lawyer! Thanks to JustAnswer, I was able to calm his concerns.

Loretta TIllinois

Thanks Adam!! - A very direct and understandable response - you have been a great help!

Happy CustomerEllicott City, MD

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

< Previous | Next >

Meet the Experts:

Thomas McJD

Thomas McJD

Attorney

3,170 satisfied customers

Wills, Trusts, Probate & other Estate Matters

Barrister

Barrister

Attorney

5,414 satisfied customers

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

RayAnswers

RayAnswers

Attorney

5,061 satisfied customers

Texas lawyer for 30 years in Estate law

Infolawyer

Infolawyer

Attorney

5,015 satisfied customers

Licensed attorney helping individuals and businesses.

Ely

Ely

Counselor at Law

1,839 satisfied customers

Fully licensed attorney in Texas in private practice.

RobertJDFL

RobertJDFL

Attorney

1,451 satisfied customers

Experienced in multiple areas of the law.

ScottyMacEsq

ScottyMacEsq

Attorney

1,162 satisfied customers

Licensed Texas General Practice Attorney

< Previous | Next >

Related Estate Law Questions
How do you get proof of ownership of a deceased relative.
Hi, How do you get proof of ownership of a deceased relative. … read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
5,015 satisfied customers
I signed a letter to accept inheritance money approximately
I signed a letter to accept inheritance money approximately two weeks ago.. I still have not received any check. Should I file a motion for Show cause, if so how? The lawyer said I should have the mon… read more
Attyadvisor
Attyadvisor
Doctoral Degree
6,867 satisfied customers
Why would i need a letter of probate to get the remaining
why would i need a letter of probate to get the remaining amount of my father's fund? … read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
34,871 satisfied customers
My father (unmarried) passed away without a will, but I'm
My father (unmarried) passed away without a will, but I'm the only child. What documentation would I need to present to the bank to claim the balance of his account?… read more
Attyadvisor
Attyadvisor
Doctoral Degree
6,867 satisfied customers
I was listed as second beneficary in. My cousin life
I was listed as second beneficary in. My cousin life insurance. Policy. The first beneficary died. The executor of the will and his lawyer refuses to give me any information. Since I don't know the li… read more
ScottyMacEsq
ScottyMacEsq
Attorney
Doctoral Degree
1,162 satisfied customers
My mother who is 87 years old recently added me, her adult
My mother who is 87 years old recently added me, her adult son to her savings account as a joint owner. Am I an equal owner of the account? If so, would there be tax implications if I transfer money f… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
I WOULD LIKE TO KNOW WHAT IS NEEDED TO TRANSFER FUNDS TO
I WOULD LIKE TO KNOW WHAT IS NEEDED TO TRANSFER FUNDS TO AMERICA CONCERNING A WILL NEXT TO KIN WHAT IS NEEDED FOR DOCUMENTS AND COST … read more
Barrister
Barrister
Attorney
Doctoral Degree
5,414 satisfied customers
As an heir to my mother's estate, I am having a great deal
As an heir to my mother's estate, I am having a great deal of difficulty with the lawyers. My lawyer is rude and demeaning. The lawyer HE put in place because of the legal issues with my brother (usin… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I have lived with a man for 10 years. He recently passed
I have lived with a man for 10 years. He recently passed away with out a will. He is a beneficiary of a family trust. He receives monthly disbursements. He has one adult child. Do I have any legal cla… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,414 satisfied customers
How does the Executrix of an estate in Ga have to finalize
How long does the Executrix of an estate in Ga have to finalize distributions? Some of it went into a Trust, and she is also the Trustee—the estate's antiques are sitting in the deserted house now ove… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
5,061 satisfied customers
My grandparents in their trust left my son funds that I am
My grandparents in their trust left my son funds that I am the trustee too. Per the trust he gets 1/3 at 25, 1/2 at 30 and the rest at 35. He just turned 25. At the time of my grandmother death, I was… read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
How are you? I live in Californis, but my parents lived and
I live in Californis, but my parents lived and passed away in Michigan. I am the only person named in their will so their house is mine. I was told by my lawyer that I would get the profits upon selling, now he tells me that Medicare will take 93 out of 97,000 I will make on it because she was hospitalized with alzheimers the last few years of her life and I am now responsible for that Bill if I sell my inheritance (the estate). I have been dealing with this man since their death almost 2 years ago and first he told me that it we old be on my death. Now, since I told him that I was going to put a down payment on a house with the money, he suggested I put Medicare on as a second mortgage holder so they c old just take it whenever they wanted it. What recourse do I have here. Why am I responsible paying for my mother's medical with my inheretence? … read more
Barrister
Barrister
Attorney
Doctoral Degree
5,414 satisfied customers
My son passed away and had no will and was unmarried with
My son passed away and had no will and was unmarried with one alleged son. I do not believe his son should inherit his home if I am not sure that he is his child. Can I contest the distribution of pro… read more
Attyadvisor
Attyadvisor
Doctoral Degree
6,867 satisfied customers
Woman wants to be named independent administrator & wants to
Woman wants to be named independent administrator & wants to file a consent to serve as independent administer without bond. Only problem is one brother has passed, one is in prison, & sister was name… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,414 satisfied customers
I have power of attorney over my brother in law! I am going
I have power of attorney over my brother in law ! I am going to have to put him a nursing home . The social worker at the hospital he is currently in told me the nursing home will take all of his asse… read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
34,871 satisfied customers
My underage niece is the beneficiary of a Last Will and
My underage niece is the beneficiary of a Last Will and Testament and sister is the executor. The deceased date of death was the second week in September. He was behind on several debts some of which … read more
Michael Bradley
Michael Bradley
JD
1,127 satisfied customers
When I filed for divorce my husband transferred 1.3 million
When I filed for divorce my husband transferred 1.3 million dollars to his brother and mother. When it was caught, the money was frozen AFTER the brother used 180,000 to pay off his house. I want to p… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,414 satisfied customers
Trust & Estate law question. California. A Revocable Trust.
The trust was for a person who passed away in 2007 but allowed one daughter to live there for two years which she instead lived their for ten years and in March sold the home. I am one of the beneficiaries but have not been notified on the progress of the payout or not given any details.… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
883 satisfied customers

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).

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).

Show MoreShow Less

Ask Your Question

x