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On my life insurance policy the benefit is split between my
Hi. On my life insurance policy the benefit is split between my two boys. They are minors, 17 and 15. I have the payout going directly to them bc I didn't want it taxed. There's a trust in my will, ho… read more
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I am a financial advisor in Florida. I have a client with an
Hello, I am a financial advisor in Florida. I have a client with an IRA account that names his spouse as primary beneficiary and his two adult children as contingent beneficiaries equally. One of his … read more
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What are my options to leave life insurance, annuity
what are my options to leave life insurance, annuity benefits and retirement stock funds (TSP) to a minor child as my beneficiary. I am a single mother, federal employee, and live in Texas. I only hav… read more
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I have some question about testamentary trust. Pennsylvania.
Hello JA: Hi. How can I help? Customer: I have some question about testamentary trust JA: What state are you in? It matters because laws vary by location. Customer: Pennsylvania JA: What steps have yo… read more
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My father left me $127000, which was to put into a Lifetime
My father left me $127000, which was to put into a Lifetime Benefit trust for myself. I am the trustee of said trust. However, I was given by his attorney simply a check for the amount, which I deposi… read more
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My father has passed and a will was left in Texas where we
My father has passed and a will was left in Texas where we lived, He lived with me and I was his caregiver. Now, the will has me as executor of trust and He has wriiten in the will, " If i have left y… read more
RayAnswers
RayAnswers
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My husband passed in Sep. He had a will and irrevocable
My husband passed in Sep. He had a will and irrevocable trust - both name me as the sole beneficiary. The Life Insurance names the Irrevocable Trust as the beneficiary. A bank and his partner are exec… read more
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Client has a 1999 ILITA and would like to transfer ownership
Client has a 1999 ILITA and would like to transfer ownership and beneficiary of insurance policy to new 2016 ILITA. Trustee has power to sell or assign policy. Can Trustee assign policy by tranferring… read more
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CA man died and left a Dynasty trust for his children. One
CA man died and left a Dynasty trust for his children. One child/beneficiary lives and works in CA. For their individual Dynasty Trust, they want to appoint an out of state co-trustee and avoid paying… read more
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RayAnswers
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Married with child from other marriage. If the spouse with
Married with child from other marriage. If the spouse with child inherits money( and evenly distributes them within the will), can stipulations be constitued how funds may be spent? In this situation,… read more
RayAnswers
RayAnswers
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Doctoral Degree
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My late father and my mother have separate revocable living
My late father and my mother have separate revocable living trusts. My father funded his trust with a few stocks, their home, and also designated his trustee(a bank trust company)as beneficiary of som… read more
socrateaser
socrateaser
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My brother in law is dying of brain cancer in a few days. He
My brother in law is dying of brain cancer in a few days. He has an employer paid life insurance policy for $30,000. His daughter lives in Maine and he resides in California. He has no trust. He HAS N… read more
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Dave Kennett
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my father recently passed away, he had 2 variable life insurance
my father recently passed away, he had 2 variable life insurance policies that we did not know he purchased and both was set up in the name of his Living Trust. unfortunately none of his or my parents… read more
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Parents have a Colorado Living Trust which upon death of 1st
Parents have a Colorado Living Trust which upon death of 1st spouse is to be split 50/50 (up to tax benefit) into Spouse Trust & Irrevocable Family Trust. Family Trust lists adult children as benefici… read more
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I am married with two minor children. We dont have much in
I am married with two minor children. We don't have much in the way of assets, except for moderate life insurance policies. My spouse and I are each other's beneficiaries, but in the case we are both … read more
Roger
Roger
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My wife passed away 8 yrs ago and she had brought her parents
My wife passed away 8 yrs ago and she had brought her parents to Ca. to live. After she died, her father died and I was left to take care of her mom. I had to set up a living trust account to take car… read more
Thomas McJD
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should my cash accounts have the sencond benficiary listed
should my cash accounts have the sencond benficiary listed as an individual or my wife's and I living trust… read more
Ellen
Ellen
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How do I designate beneficiarys (my sons are 23 & 15 if I pass
How do I designate beneficiarys (my sons are 23 & 15 if I pass while he's under age, I don't want his father or someone else who may be his guardian to contest and receive the monies) so that they rec… 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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