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Related Estate Law Questions
Income from the Trust will flow to beneficiary or not? if
Income from the Trust will flow to beneficiary or not? if not specified in the Trust ? Please help thanks.… read more
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Kimora Pope
JD
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We are wishing to establish a discretionary trust as part of
We are wishing to establish a discretionary trust as part of our will. Beneficiaries are 3 children now aged 33,32,29. We are consulting with a family lawyer but have been advised we need accounting a… read more
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Adam Yarussi
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I am the trustee for my mothers trust who passed away jan.
I am the trustee for my mothers trust who passed away jan. 2018 I am distributing the proceeds. what must I report to gov. etc . no one received more that 60000.00 … read more
RayAnswers
RayAnswers
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California residents situation: - successor trustee becomes
California residents situation: - successor trustee becomes trustee when trustee becomes incapacitated - then trustee regains capacity and makes himself trustee again, removes successor trustee, and r… read more
RayAnswers
RayAnswers
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If property is sold in a trust and there is recapture due to
Second opinion] if property is sold in a trust and there is recapture due to taking depreciation can one beneficiary take the recapture profit and another take the remaining profit from the sale.… read more
INFOLAWYER
INFOLAWYER
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Does an irrevocable trust in california need to be notarized
Second opinion] does an irrevocable trust in california need to be notarized to be validDoes an irrevocable trust need to be notarized to be valid? Can the trust property be identified on a separate s… read more
Barrister
Barrister
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Second opinion] I need help with some questions about the
second opinion] I need help with some questions about the best way my elderly mother (75) can plan her estate in California … read more
Attyadvisor
Attyadvisor
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Family Trust Parents created a Family Trust. Upon death of
Family TrustHello,Parents created a Family Trust. Upon death of both parents the Family Trust created "Testamentary Trust" for all the beneficiaries of which all were over the age of 21. Example: Smit… read more
RayAnswers
RayAnswers
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Under a California Land Trust, if the Trustee failed to list
Under a California Land Trust, if the Trustee failed to list the beneficiaries, but the individuals were given a distribution of their share when the estate settled would it be correct to assume they … read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
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My parents requested a will and they want me to be both
My parents requested a will and they want me to be both indemnified and be able to pay for a defense from their estate as well as be indemnified if an action is brought against me in my roles as execu… read more
RayAnswers
RayAnswers
Attorney
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My father created an irrevocable trust in the late 1970's.
My father created an irrevocable trust in the late 1970's. He and his second wife received the income until his death in 2001. The trust was then designated A, B, and C. His second wife was Trust unde… read more
Richard
Richard
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Doctoral Degree
53,216 satisfied customers
Here goes the question: Its a bit complicated so hopefully
Here goes the question: It's a bit complicated so hopefully I will say it a way that it can be understood. My husband has an inherited trust from his mother. The original intent of the trust was to ha… read more
Barrister
Barrister
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I am the sole beneficiary and an individual co-trustee of two
I am the sole beneficiary and an individual co-trustee of two irrevocable trusts established by my parents that are administered by a bank as corporate co-trustee. One trust was established by my fath… read more
Law Educator, Esq.
Law Educator, Esq.
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If I have a revocable trust that requires specified annual
If I have a revocable trust that requires specified annual payments to beneficiaries, comes out of income earned. Where do I report on K-1 My reading says I only need to report amount and take as trus… read more
Loren
Loren
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An estate issues a K-1 to a trust. It is excess deductions
An estate issues a K-1 to a trust. It is excess deductions on termination. Does the trust file a tax return? It would be the initial and final return. The trust then issues a K-1 to an individual with… read more
Loren
Loren
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My mother-in-law established a living trust in Arkansas, naming
My mother-in-law established a living trust in Arkansas, naming my wife as executrix and benificiery. Mother in law passed away in fall 2009, but real estate (including our primary residence) has not … read more
Alexia Esq.
Alexia Esq.
Managing Lawyer/Advocate
Doctoral Degree
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If I set up a trust for my Grand-child is the distribution
If I set up a trust for my Grand-child is the distribution to him taxable. I the trust consists only of Tax-Free Muni's is there any tax to paid either by the trust or the benificiary ??… read more
David L
David L
Doctoral Degree
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If the trust instrument specifically instructs the trustee
If the trust instrument specifically instructs the trustee to administer and hold a spcific beneficiary in a seperate trust that is revocable upon certain conditions and left up to the discretion of t… read more
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lwpat
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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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