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In the early 1950's, my grandfather died and left a portion
In the early 1950's, my grandfather died and left a portion of his estate in a generation-skipping Florida trust (“Trust”) to his descendants. He appointed his son the trustee, the lifetime income ben… read more
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I have a (hypothetical) Florida trust legal situation and
I have a (hypothetical) Florida trust legal situation and related questions. I'm offering the top amount on JustAnswer but – to be clear up front – I am expecting specific legal case/code citations in… read more
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I am the first named successor trustee living trust
I am the first named successor trustee for the living trust of my friend who has recently died. Her daughter (the beneficiary) is the next named successor trustee. I have spoken with the daughter and … read more
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Hello. Here are the facts: My wife and i are co-trustees
Hello. Here are the facts: My wife and i are co-trustees of our kids education and general welfare trusts set up by my in-laws. Each year they gifted the kids the max under the gifting laws ($10k-$13k… read more
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My Dad died yesterday, Jan 25, 2013, in Texas. He has an executed
My Dad died yesterday, Jan 25, 2013, in Texas. He has an executed will dated Jan 13, 2012. It looks to be a standard simple will. (1) How strictly must the named executor of the will follow the will? … read more
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NEW YORK ESTATES, POWER, AND TRUST -- PER STIRPES QUESTION Background:
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If a surviving parent (one spouse has died and some parts or
If a surviving parent (one spouse has died and some parts or the whole trust may now be irrevocable, in Ohio) of a revocable trust wanted to add a co-trustee. Do the primary beneficiary's listed in th… read more
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I inadvertently invested in a fund that invests in futures
I inadvertently invested in a fund that invests in futures contracts. The Trust, for which I am an agent and one of the beneficiaries, prohibits these types of investments. Will this error get me remo… read more
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my mother is beneficiary and trustee of her late husbands trust.
my mother is beneficiary and trustee of her late husbands trust. She died before TRANSFERRINF moneys in late husbands trust account into her name. She named me as co-trustee of her late husbands trust… read more
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My father has a living trust which contains two houses and
My father has a living trust which contains two houses and an investment account. I am an only child and the sole beneficiary (and trustee) of the trust. There are no other close relatives. One of the… read more
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Youll have to take these circumstances at face value, but
You'll have to take these circumstances at face value, but I'm just trying to get an idea of what I might expect to happen. My grandpa's trust document created four lower trusts – one each for my dad,… read more
Infolawyer
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One of the beneficiaries of the trust also got the life insurance
One of the beneficiaries of the trust also got the life insurance as beneficiary. When the trust of disolved do you count the amount of the life insurance as part of the trust amount given to that per… read more
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My father passed away two years ago and there are three trusts
My father passed away two years ago and there are three trusts for the estate. One is a marital trust, one is an irrevocable insurance trust and the other is a residuary trust which names all five chi… read more
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Pennsylvania estate and trust question I am beneficiary of my mothers estate, al&#
Pennsylvania estate and trust question: I am beneficiary of my mothers estate, along with my 2 children. The trust was crated in the will. Myself and her friend were co-executives the friend is now de… read more
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My daughters grandfather died 3 years ago, and left a living
My daughter's grandfather died 3 years ago, and left a living trust, in the state of Florida, in which my daughter and her father were named co-trustees, and my daughter was also listed as successor t… read more
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My mother passed away in 2008. The POA/Trustee had misused
My mother passed away in 2008. The POA/Trustee had misused the funds and had left the estate with NO CASH ASSETS. The only asset remaining was the SF property which is my inheritance with another sist… read more
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I understand that one can disclaim an inheritance but how do
I understand that one can disclaim an inheritance but how do you disclaim an IRA without penalty? Here is the situation. Husband passed away and wife inherited his IRA. Wife properly executes the requ… read more
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A is Dad, B is mom, C is son, D is sone wife, E is sons adopted
A is Dad, B is mom, C is son, D is sone wife, E is son's adopted daughter and natural daughter of D. So A passes, then C passes then B passes so just sons wife and her natural and Cs adopted daughter … 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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