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Related Estate Law Questions
We have a revocable living trust with our home as asset in
We have a revocable living trust with our home as asset in it. Now - Most of the details , I know, I think I know, but I do not know the definitive difference between the executor and the trustee. Do … read more
Nate
Nate
Attorney
Juris Doctor
1,771 satisfied customers
California - When does POA kick in? when a Judge says so,
California - When does POA kick in? when a Judge says so, when the POA says so, or when the DR says so? I am so confused. Im just learning that there are at least 2 types of POA for a trustor when I t… read more
MatthewF1016
MatthewF1016
Attorney
Juris Doctor
335 satisfied customers
My parents established Irrevocable Trust in 1990. Father
Hello, my parents established Irrevocable Trust in 1990. Father died in 2006. Mother still alive and is Trustee (Grantor). If house sold now with Her alive..is capital gains based on home value at tim… read more
Barrister
Barrister
Attorney
Doctoral Degree
7,822 satisfied customers
Trustee wants to hold up sale/settlement on real estate
Trustee wants to hold up sale/settlement on real estate assets to allow time for 2 out of 9 beneficiaries to vacate property. Other beneficiaries want settlement asap, holding it up is unfair. Is this… read more
legalgems
legalgems
Juris Doctorate
25,100 satisfied customers
How should partial interest in property be valued in an
How should partial interest in property be valued in an estate when one of the beneficiaries owns the other half of the property?… read more
Richard
Richard
Owner
Doctoral Degree
56,478 satisfied customers
Grandma died May 28th. Her estate is in a Trust. I am the
Grandma died May 28th.Her estate is in a Trust. I am the executor. Death Certificates just arrived.Question: Are there any legal requirements to begin administering the Trust within a particular time … read more
Barrister
Barrister
Attorney
Doctoral Degree
7,822 satisfied customers
My question is: I just became the new executor of my parents
Customer: My name is***** question is: I just became the new executor of my parents estate. The previous executor, one of my sisters has taken over half of the estate funds for her personal use. My pa… read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
10,104 satisfied customers
, My father passed a couple years ago. He had a vehicle
Hello, My father passed a couple years ago. He had a vehicle in the trust and my brother came to the house (My Father's old house where I currently live part time) and sold the truck while I was at wo… read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
1,533 satisfied customers
Can a trustee sell trust asset(a house) to her daughter's aunt(trustee's
Can a trustee sell trust asset(a house) to her daughter's aunt(trustee's ex sister in law)?My mom had a living revocable trust (now irrevocable since she died). Texas trust code 113.053 says a trustee… read more
ScottyMacEsq
ScottyMacEsq
Attorney
Doctoral Degree
1,457 satisfied customers
Two questions about buying a homestead from an Irrevocable
Two questions about buying a homestead from an Irrevocable Trust. 1. If the Trust states that a Beneficiary can purchase the home from the Trust at 80% the Trust Appraisal, then would the Appraisal st… read more
socrateaser
socrateaser
37,075 satisfied customers
My mother in law passed away a few months ago. My husband
My mother in law passed away a few months ago. My husband and his brother are the executors/co-trustee's of the trust. They are in agreement together with everything their mom wanted. The sister wants… read more
Barrister
Barrister
Attorney
Doctoral Degree
7,822 satisfied customers
Decedent lived in Florida. Had his assets, except for one
Decedent lived in Florida. Had his assets, except for one annuity in a trust. The latter will have to go to probate. How soon can the assets within the *trust* (edit--changed from "estate") be distrib… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
27,362 satisfied customers
My father passed away in Oct 2010 and had a trust set up for
My father passed away in Oct 2010 and had a trust set up for his five biological daughters - share and share alike. The first trustee of his trust was his second wife (step-mother to two of us - our m… read more
John Legal
John Legal
Doctoral Degree
3,418 satisfied customers
deceased husbands revocable living trust require specific
deceased husband's revocable living trust require specific gift to Family Trust. Surviving spouse want to transfer property to herself. value of property is approximately 500k.… read more
Loren
Loren
46,125 satisfied customers
In settling a living trust upon death of grantor, when is the
In settling a living trust upon death of grantor, when is the value of real estate set? Is it ever reasonable to set the value upon sale of the property?… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
538 satisfied customers
I am the beneficiary of a Texas irrevocable trust. The sole
I am the beneficiary of a Texas irrevocable trust. The sole asset was a piece of real estate. The trustee, also a beneficiary, is claiming trustee fees in the amount of 9% of the sale price of the rea… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
I inherited my sisters house/property/et.al. in January.
I inherited my sister's house/property/et.al. in January. Are there any time limits on selling the house? Since it is valued in the $300K range, I don't believe I will owe tax on it, is that true? Wha… read more
Loren
Loren
46,125 satisfied customers
In New York State how on what basis, gross or net, are executor
In New York State how on what basis, gross or net, are executor commissions determined on the sale of real estate. For example... on the full purchase price (say 500K) OR the net proceeds after realty… read more
Ellen
Ellen
Attorney
Doctoral Degree
20,957 satisfied customers

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Meet the Experts:

RayAnswers

RayAnswers

Attorney

7,827 satisfied customers

Texas lawyer for 30 years in Estate law

Barrister

Barrister

Attorney

7,822 satisfied customers

21 yrs estate law, real estate. Wills/Trusts/Probate

Ely

Ely

Counselor at Law

1,867 satisfied customers

Fully licensed attorney in Texas in private practice.

Nate

Nate

Attorney

1,771 satisfied customers

Over 10 years of legal estate experience.

RobertJDFL

RobertJDFL

Attorney

1,729 satisfied customers

Experienced in multiple areas of the law.

P. Simmons

P. Simmons

Attorney

1,533 satisfied customers

12+ yrs. of experience including estate law.

ScottyMacEsq

ScottyMacEsq

Attorney

1,457 satisfied customers

Licensed Texas General Practice Attorney

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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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