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I'd like to create a trust to hold the payout of my life
I'd like to create a trust to hold the payout of my life insurance in the event of my death. The trust would be for my four (currently minor) children for their care (by my ex wife) and for college/ho… read more
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My father set up a trust fund for $100,000 when I was
My father set up a trust fund for me for $100,000 when I was a 8 years old. He made two payments into it and died. The trust fund paid out the full 100,000 to a bevy of foster parents. Upon turning 18… read more
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We are looking to set my mothers assets into a irrevocable
We are looking to set my mothers assets into a irrevocable trust, the beneficiaries of trust will be two children. The funding of trust account will be about $150,000. This is exclusive of her home wh… read more
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We are planning on taking advantage of the $5M estate gift
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Thank you for your informed response. An attorney my mother
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This question is for a elder law attorney,,,,someone who understands
This question is for a elder law attorney,,,,someone who understands whole life Insurance (final expense insurance) and MICHIGAN MEDICAID LAWS...I am an insurance agent that sells final expense insura… read more
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I have an irrevocable life insurance trust funded by a life
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Is there any reason why I should or should not have my revocable
Is there any reason why I should or should not have my revocable living trust as the beneficiary of a life insurance policy? I am divorced, age 52, and have a 16 year old and 19 year old. I think havi… read more
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what is involved to create a irrevocable insurance trust and
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In our situation - the Family limited partnership owns 10,000
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THIS IS A TAX (ESTATE PLANNNG) QUESTION. I have a friend who
THIS IS A TAX (ESTATE PLANNNG) QUESTION. I have a friend who has 1 child from a previous marriage. She married a man who has 2 children from a previous marriage. They also have one child together. The… read more
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i have a substantial life insurance policy that i want to ensure
i have a substantial life insurance policy that i want to ensure goes to paying off a home mortgage for my children. both are legal adults but young....22 and 18...and because of their young age i wou… read more
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My mother owned a life insurance policy placed in a irrevocable
My mother owned a life insurance policy placed in a irrevocable trust and her brother was trustee.In 2001 the insurance company went from a mutual to a stock company and issued her the stock ather hom… read more
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i am entering into a same-sex marriage and we are each others
i am entering into a same-sex marriage and we are each others beneficiaries in both our living trusts and our wills. if i own stocks in a family business and i die, what happens to those stocks? does … read more
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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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