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My grandmother passed away over five years ago. In her will,
My grandmother passed away over five years ago. In her will, she said the following: (I do not have any more information beyond what is written here)Her house should be sold and that the proceeds shou… read more
LegalGems
LegalGems
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Taxpayer's parents established a living trust 6 years ago.
Taxpayer's parents established a living trust 6 years ago. The trust includes the primary residence and associated land. The father died in 2015. The trust is held by the mother and two siblings (grow… read more
RayAnswers
RayAnswers
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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.
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My husband is a beneficiary of an irrevocable trust as is s
My husband is a beneficiary of an irrevocable trust as is his brother who is also the trustee. They are in the process of terminating the trust since their mother passed away 4 years ago. We found out… read more
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RayAnswers
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My question is what is my Personal Representative Fee in the
My question is what is my Personal Representative Fee in the State of Oregon for a non-probated estate? Details Below: My mother recently passed away and was a resident in the State of Oregon. Her Wil… read more
Barrister
Barrister
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My mother passed in 2004. Her home was in a Trust with my
My mother passed in 2004. Her home was in a Trust with my brother, my sister and myself as beneficiaries and executors. Shortly after she passed the home was taken out of the trust and a interest only… read more
DamienJD
DamienJD
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My grandmother's will named me, her grandson and heir, as well
My grandmother's will named me, her grandson and heir, as well as the heart association and cancer society as beneficiaries. I have been told that this is because it is a large estate. I live on a far… read more
Ely
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Estate Tax Liability Question: I am a sole heir (adult child)
Estate Tax Liability Question: I am a sole heir (adult child) of willed farmland property from my father that recently sold in VA. I need to know my general tax liability as a Maryland resident for MD… read more
LegalGems
LegalGems
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We live in Iowa and recently sold a farm at auction in my great
We live in Iowa and recently sold a farm at auction in my great grandmothers estate. What are capital gains implications? Can we bypass capital gains by reinvesting in farm land closer to where we liv… read more
DamienJD
DamienJD
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Doctoral Degree
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My brother and I acquired real estate from our mother who just
My brother and I acquired real estate from our mother who just died through a deed in which she retained the life estate. She wanted us to be in charge of selling it and dividing the proceeds between … read more
Alexia Esq.
Alexia Esq.
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If the heirs of an estate inherit shares in an Oklahoma corporation
If the heirs of an estate inherit shares in an Oklahoma corporation and the shares are held by a trust do the shares need to be divided equally among the heirs in order to inherit those shares or can … read more
Barrister
Barrister
Attorney
Doctoral Degree
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If a trust owns a home and sells it, does it have to pay capital
If a trust owns a home and sells it, does it have to pay capital gains like an individual would? If the trustees dissolve the trust subsequently, each receiving their share of the proceeds, will they … read more
socrateaser
socrateaser
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Im wondering if I can prepare a Living Trust for my parents
I'm wondering if I can prepare a Living Trust for my parents - both are living - and have approximately One MILLION dollars in real esate ( 240 acres of farm land)? Will this Trust stand up in Michiga… read more
Loren
Loren
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I am the sole owner of a house and land in Florida and I am
I am the sole owner of a house and land in Florida and I am neither a US citizen nor a resident. I am from an independent island in the caribbean. I want, upon my demise, for my property to be passed … read more
Brent Blanchard
Brent Blanchard
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The situation is there were two parents who created a Trust
The situation is there were two parents who created a Trust in 1992. The only thing put in the trust at the time was 80 acres of farmland. On this home was a brick house and another house (not in good… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
My fathers will says that when my sister and I die, a piece
My father's will says that when my sister and I die, a piece of commercial real estate his estate owns MUST be sold and then the proceeds divided per capita. At this time, my sister and I each receive… read more
INFOLAWYER
INFOLAWYER
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Hi. I am a widow with no children. Currently have assets
Hi. I am a widow with no children, residing in Minnesota. Currently have assets (mainly farmland) valued at approximately 3-4 million dollars. This land is in Minnesota, South Dakota and North Dakota.… read more
Roger
Roger
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Eight of us have inherited over 56 acres of land and two houses
Eight of us have inherited over 56 acres of land and two houses in NY State and the last will and testament states it should be divided eight ways evenly. We have all agreed on how it should be split … read more
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Thomas McJD

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Texas lawyer for 30 years in Estate law

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RobertJDFL

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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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