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I have some estate planning questions. I have already
Hi, I have some estate planning questions. I have already created and had notarized a Living Trust and want to talk about debt. In particular, how is debt handled when deceased? I am not married but h… read more
Richard
Richard
Owner
Doctoral Degree
53,741 satisfied customers
I have a judgment against an individual.. this person has
I have a judgment against an individual.. this person has all of his assets under a revocable living trusts using his name as the trust.. I tried to collect 4 because the judgment was only under his n… read more
INFOLAWYER
INFOLAWYER
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Are beneficiaries of Real Estate IRA trust account liable
Are beneficiaries of Real Estate IRA trust account liable for property taxes and trust maintenance fees of their deceased mom even if they refuse to have it transferred to them? … read more
LawTalk
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My Trust names my daughter as Trustee of my living trust and
My Trust names my daughter as Trustee of my living trust and she is the sole beneficiary. I have a $110,000 life insurance policy, which names my Trust as beneficiary. She will also receive proceeds f… read more
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Attorney2020
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All of my mother's assets are in an IRREVOCABLE Trust set up
All of my mother's assets are in an IRREVOCABLE Trust set up in the State of NY. When she passes, if she has outstanding cc debt and no assets outside the trust, can the debt be collected through trus… read more
Attorney2020
Attorney2020
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In California: My mother passed away more than 2 years ago
In California: My mother passed away more than 2 years ago and has a living trust living all assets to her 3 children. She cosigned a student loan (salliemae) for her son-in-law who has stopped making… read more
ScottyMacEsq
ScottyMacEsq
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Doctoral Degree
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I want to leave my house and my artwork to become a museum
I want to leave my house and my artwork to become a museum when I'm gone. In a living trust, can I name as beneficiary a non-existent not-for-profit art foundation, along with instructions in the trus… read more
Law Educator, Esq.
Law Educator, Esq.
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My mom passed away with credit card debt. I opened an estate
My mom passed away with credit card debt. I opened an estate because the bank told me that I needed a short form...but it turns out they were wrong. Everything was in trust. I opened the estate with $… read more
Richard
Richard
Owner
Doctoral Degree
53,741 satisfied customers
my wife and I have a revocable trust. prior to getting the
my wife and I have a revocable trust. prior to getting the trust set up, she incurred student loan debt. Will the trust be responsible for that debt when she passes away? If we did not have the trust,… read more
RayAnswers
RayAnswers
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Can my creditors take money out of a living trust that was
Can my creditors take money out of a living trust that was set up for me once the Grantor of the trust has died? I have a judgment from a creditor against me and am afraid they will take money out of … read more
Law Educator, Esq.
Law Educator, Esq.
136,782 satisfied customers
let me start with i am trustee of a trust and have i sister
let me start with i am trustee of a trust and have i sister and she is due approx 75,000 and she has some type of state health insurance which is a income qualifying insurance and i am not sure what t… read more
Daniel P.
Daniel P.
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What is the best trust to protect the marital assets when if
What is the best trust to protect the marital assets when if my husband is sued for malpractice?… read more
socrateaser
socrateaser
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Is my fathers estate responsible for paying his credit card
Is my father's estate responsible for paying his credit card and signature load debt after his death? His house is in a family trust (which consists of my father, brother and me). Will my brother and … read more
P. Simmons
P. Simmons
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does a living trust protect all of my wife my assets including
does a living trust protect all of my wife my assets including our business, which is not incorporated from lawsuits, or bad debt collection. Don… read more
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What is the rationale for allowing a creditor to reach assets
What is the rationale for allowing a creditor to reach assets held by a debtor's spouse's trust?… read more
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My parents created a living trust in FL several years ago and
My parents created a living trust in FL several years ago and now live in NC. Does the living trust need to be changed because they now live in a new state? Also, my sister passed away this year and s… read more
Law Educator, Esq.
Law Educator, Esq.
136,782 satisfied customers
For the past two years, I have claimed my mother as a dependent. If
For the past two years, I have claimed my mother as a dependent. If I amend my income tax returns so that I do not claim her as a dependent, can creditors come after me to collect her debts in the fut… read more
Irwin Law
Irwin Law
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My dad had a revocable living trust.....he recently passed
My dad had a revocable living trust.....he recently passed away. My brother and I are the beneficiaries of the trust. Are we responsible for paying any balances due on medical bills while our dad was … read more
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Attorney & Mediator
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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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