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Clients mother and father had a revocable living trust.
Clients mother and father had a revocable living trust. Father dies years ago, mother just passed away. I need an EIN for the trust. Does the trust now become an Irrevocable trust with the trustee as … read more
Loren
Loren
35,967 satisfied customers
My wife and I have a revocable trust. my wifw died 3/24/16.
my wife and I have a revocable trust. my wifw died 3/24/16. what cost basis adjustment should be made on our holdings? the trust is using my social security number for tax purposes.… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
My mother has created a grantor trust and I am the beneficiary.
My mother has created a grantor trust and I am the beneficiary. The funds in the trust are invested in a stock portfolio. When she dies, am I liable for any taxes when I receive the trust distribution… read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
2,978 satisfied customers
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
Law Educator, Esq.
Law Educator, Esq.
125,465 satisfied customers
how to set up a trust for a minor in NJ? she has money in
how to set up a trust for a minor in NJ? she has money in a custodian account & we want to buy her real estate & stocks of a small LLC. Can we just buy a stock of small local LLc & issue it to For ben… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
Is there a specific form available to use when restating a revocable trust? We want to re
Is there a specific form available to use when restating a revocable trust? We want to restate our living revocable trust (A B trust) to conform to the new estate tax laws… read more
LegalGems
LegalGems
Juris Doctorate
13,788 satisfied customers
When creating a revocable trust, does the use of the word Living
When creating a revocable trust, does the use of the word Living trust can replace the term revocable. If the trust doesnt mention the word revocable but only states Living trust, and that the power o… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
5,629 satisfied customers
I would like to get some information about setting up a trust
I would like to get some information about setting up a trust account. first of all I must say I do not have the slightest idea of what type of trust I want or need, also I do not type fast at all. I … read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
I own 6 properties (5 in california one in nevada)how much
I own 6 properties (5 in california one in nevada)how much should I be paying fro a living trust?? Will a living trust protect me from future liens and judegements??… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
when a person has a revocable living trust and that person
when a person has a revocable living trust and that person dies what happens....is everthing surpost to be sold....there are two trutress.. what do we do… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
Once a Family trust is set up and assets placed into the trust
Once a Family trust is set up and assets placed into the trust how are those assets taxed at the death of the gifter and what basis is used when the trust sells assets to generate income for distribut… read more
Richard
Richard
Owner
Doctoral Degree
50,799 satisfied customers
If you say that the revocable living trust isnt the best thing
If you say that the revocable living trust isn't the best thing since sliced bread, what are the alternatives that I should look into? What should a revocable living trust cost?… read more
Richard
Richard
Owner
Doctoral Degree
50,799 satisfied customers
I am a single (divorced) resident of Maricopa County, Arizona.
I am a single (divorced) resident of Maricopa County, Arizona. I have a valid will leaving my estate to my three siblings. If I should die will my estate be "gobbled up" by probate costs? Is there a n… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
I am going round and round with the naming of trusts. I am
I am going round and round with the naming of trusts. I am the successor trustee to a revocable living trust whose grantor has died. I applied to the IRS online for a tax id number and made a mistake.… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
Are there any do it your self kits for forming an irrevoccable
Are there any do it your self kits for forming an irrevoccable trust , or what do they usually cost to form.… read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
1,215 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
Are there any disadvantages for me as a single, childless ...
Are there any disadvantages for me as a single, childless female to have a revocable living trust. I don''t have siblings or any other family member. My concern is making sure my assests are distribut… read more
JaxLaw
JaxLaw
Associate Attorney
Doctoral Degree
1,722 satisfied customers
What is the difference between a grantor revocable trust ...
What is the difference between a grantor revocable trust and a private annunity trust?39619.7720350347… read more
rvlaw
rvlaw
Judge
Juris Doctor
3,203 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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