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My father died and had a basic A/ Trust. I need to transfer
My father died and had a basic A/B Trust. I need to transfer 1/2 of the assets into a "bypass trust" and, since his assets are just two savings accounts that are about equal it seems pretty straight f… read more
LegalGems
LegalGems
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This concerns a living trust in California created in 1988,
This concerns a living trust in California created in 1988, restated in 1989. The first trustor died in 1998, the second in 2012. The last trustor to die had made an amendment in 2010 whereby the asse… read more
LegalGems
LegalGems
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I have a Last will and Testament. It contains instructions
I have a Last will and Testament. It contains instructions that my spouse is to have a trust set up in her name after my death. My question is when and how will this trust be put in place? will she ne… read more
LegalGems
LegalGems
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I have been asked to commit to serving as successor trustee
I have been asked to commit to serving as successor trustee of my best friends revocable living trust. I am pleased to participate. My concern about the trust is his wife died some years ago and she w… read more
P. Simmons
P. Simmons
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Doctoral Degree
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in california and usa is this true --All real estate shall
in california and usa is this true --All real estate shall be sold upon the death of the surviving trustor/ in a family trust… read more
Barrister
Barrister
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Doctoral Degree
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I asked a question in the past. I was billed $34. The answer
I asked a question in the past. I was billed $34. The answer didn't come from a lawyer.So I don't have much faith in it. I'll ask again and see what happens. A man and wife have a Revocable trust. The… read more
Barrister
Barrister
Attorney
Doctoral Degree
48,989 satisfied customers
Hi, my husband and I are about to sign a revocable trust, naming
Hi, my husband and I are about to sign a revocable trust, naming his sons as ultimate beneficiaries. I am very concerned that the trust may not be seen as marital assets in the event we divorce. How c… read more
LegalGems
LegalGems
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RE: California residents & Revocable Living Trusts
RE: California residents & Revocable Living Trusts My husband and I want to leave everything to each other. A lawyer suggested a Joint Revokable Living Trust. We are uncertain how to address the possi… read more
socrateaser
socrateaser
36,338 satisfied customers
In Calif. My wife and I had all assets in a family trust. She
In Calif. My wife and I had all assets in a family trust. She just died and atty says that a new trust has to be set up to take her half of the assets from the family trust. Is this correct?… read more
Richard
Richard
Owner
Doctoral Degree
52,887 satisfied customers
Previously JustAnswer responded that our Family Trust created
Previously JustAnswer responded that our Family Trust created in California in 2000 was not revocable or amendable in any way after my Father's death in 2005 since the trust document wording required … read more
Thomas McJD
Thomas McJD
Attorney
Doctoral Degree
3,170 satisfied customers
Is it possible before the end of 2012, with no estate or gift
Is it possible before the end of 2012, with no estate or gift tax consequences, set up an irrevocable trust, gift assets of several million dollars, but less than $5 million into the trust. Then, usin… read more
socrateaser
socrateaser
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Its Tom in Michigan again... Are you familiar with a QTIP election
Its Tom in Michigan again... Are you familiar with a QTIP election and inheritance tax Indiana?… read more
Thomas McJD
Thomas McJD
Attorney
Doctoral Degree
3,170 satisfied customers
Married couple has real estate property in land trust with
Married couple has real estate property in land trust with rights of survivorship also have a living trust with the land trust in it. Living Trust calls upon the death of a spouse his part go into a r… read more
Brent Blanchard
Brent Blanchard
Solo Practitioner
Doctoral Degree
1,964 satisfied customers
there are two section to the trust 1 is the qualified
there are two section to the trust 1= is the qualified terminable interest trust that gives the grantor's spouse the net income during her life 2= the Residuary Trust that which says the trustee as of… read more
lwpat
lwpat
Doctoral Degree
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My wife and I have separate Revocable Living Trusts.I have
My wife and I have separate Revocable Living Trusts.I have 2 children by a previous marraige. Each of us has a marital trust, a family trust and pour over will integral to the structure of each docume… read more
Law Pro
Law Pro
Doctoral Degree
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If a Living Trust in California: it states that it may be
If a Living Trust in California: it states that it may be amended per the conditions set forth in the Trust, and the Trust states "Settlors may at any time jointly amend". However, the Survivor Settlo… read more
Karin
Karin
Juris Doctorate
53 satisfied customers
CALIFORNIA. While living all my fathers assets were held in
CALIFORNIA. While living all my father's assets were held in Joint Tenancy with his daughter (real estate and cash). He created a Living Trust which basically lets his 30-year companion (there was a M… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,740 satisfied customers
If a spouse dies while still legally married and living in
If a spouse dies while still legally married and living in the same residence, what happens to the other spouse's part of the residence? if there is a will and another person is named in the will to i… read more
Law Pro
Law Pro
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Thomas McJD

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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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