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We live in Florida. My dad put the house in an irrevocable
We live in Florida. My dad put the house in an irrevocable trust 20 years ago. He died in 2010 and mom now needs nursing home care. The trust deeds the house to Dad, Mom, Me (Daughter) and My Brother.… read more
Jessica B
Jessica B
Juris Doctor
2,078 satisfied customers
The three living children agreed to sell moms home to a
The three living children agreed to sell moms home to a grandchild to pay of moms care in assisted living. one sister was given POA by mother and mother agreed to the sell of property. This was done 2… read more
Barrister
Barrister
Attorney
Doctoral Degree
44,098 satisfied customers
I read an article written in July 2010, and it said that
Hello. I read an article written in July 2010, and it said that there were 7 states that did not have to pay federal income tax on money received from a trust. I receive $5000.00 a month from the trus… read more
Jessica B
Jessica B
Juris Doctor
2,078 satisfied customers
A.) If upon one's death, stocks and mutual funds in a
A.) If upon one's death, stocks and mutual funds in a deceased person's Revocable Living Trust are sold to pay the deceased's outstanding house mortgage and other bills as directed by the deceased's w… read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
2,978 satisfied customers
My mother was placed in an old-fashioned nursing home after
My mother was placed in an old-fashioned nursing home after an accident. Post-accident Mom was in the rehab center for 6 weeks and has been in the nursing home for the past 7 weeks. We had extensive f… read more
Richard
Richard
Owner
Doctoral Degree
50,799 satisfied customers
I currently live in a house with my brother that is held in
I currently live in a house with my brother that is held in an irrevocable trust established by a deceased uncle. The trust is passive, no income or distributions have been done and no tax returns hav… read more
Richard
Richard
Owner
Doctoral Degree
50,799 satisfied customers
my mother passed away april 1 of this year. She has a trust
my mother passed away april 1 of this year. She has a trust that states that my brother and I inherit her property. Ive lived in our house for 8 years with my father and mother ( my dad died two yrs a… read more
J. Warren
J. Warren
Attorney
Doctoral Degree
2,252 satisfied customers
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
Richard
Richard
Owner
Doctoral Degree
50,799 satisfied customers
Hello, So, we are trying to sell my mothers condo in florida.
Hello, So, we are trying to sell my mother's condo in florida. The property is in an trust account with my mother as trustee. Since she is incapacitated (we had two doctors write letters declaring her… read more
Barrister
Barrister
Attorney
Doctoral Degree
44,098 satisfied customers
my 3 sisters & I are beneficiaries in a revocable trust set
my 3 sisters & I are beneficiaries in a revocable trust set up in 2010. a few months ago my dad (trustee) became gravely ill and we put his house up for sale and promptly signed a contract. (the house… read more
Richard
Richard
Owner
Doctoral Degree
50,799 satisfied customers
My Mom put her estate into a "family trust fund" back in 1994
My Mom put her estate into a "family trust fund" back in 1994 which the property is free and clear of any debt except for a small home equity loan.I'm exector of her will.My question is..... she could… read more
Barrister
Barrister
Attorney
Doctoral Degree
44,098 satisfied customers
In a revokable living trust by a husband and wife can a wife
In a revokable living trust by a husband and wife can a wife amend the trust terms when her husband becomes incapacitated if she has a durable power of attorney?… read more
N Cal Attorney
N Cal Attorney
JD
6,952 satisfied customers
My father wants to change his Will since his wife has now passed
My father wants to change his Will since his wife has now passed away. He owns a house (free and clear). He wants my brother to be able to live in the house and pay all the taxes, insurance, maintenan… read more
Daniel P.
Daniel P.
Managing Attorney
Juris Doctor
2,741 satisfied customers
OK My father just died 3 weeks ago and my parents had a trust
OK My father just died 3 weeks ago and my parents had a trust which gave my brother me and my daughter 1/3 each.My brother is getting power of att. because of my mothers incompetency she has alzheimer… read more
Daniel P.
Daniel P.
Managing Attorney
Juris Doctor
2,741 satisfied customers
I currently am my mothers POA and Ive been living in Her
I currently am my mother's POA and I've been living in Her Home careing for her for the last 3 1/2 years. When my dad died in 2007 he had a poor over will that went into a Trust. The Revocable Trust w… read more
dkennedy
dkennedy
Attorney
Juris Doctorate
3,122 satisfied customers
My parents each have revocable living trusts holding 1/2 of
My parents each have revocable living trusts holding 1/2 of 3 commercial buildings. THey are both deceased and myself and 3 siblings handle the rental income and expenses for the properties. We live i… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
brother trustee for fathers living trust. Father passed sept,
brother trustee for fathers living trust. Father passed sept, and we put house up for sale. house sold, closing next week. Will I be taxed on my proceeds from the sale? Check will be in my brothers na… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
What is an executor of a trusts role How does it differ
What is an executor of a trust's role? How does it differ from a power of an attorney? I have sole power of attorney - Do I have the right to put my mother's home up for sale in order to pay for her c… read more
VanDLaw
VanDLaw
Attorney
Juris Doctor
828 satisfied customers

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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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