Trusts Legal Questions and Answers
My father died 3 a half years ago. I believe very strongly he had a trust account. He was highly invested all his life, and s...
My father died 3 a half years ago. I believe very strongly he had a trust account. He was highly invested all his life, and spent 30 years hiding it from my mother who is a big time gambler.Since his death there have been many inuendos about there being a trust but when I have asked both my mother and sister (who live together) they deny it.These inuendos have been many;for exa...
09/15/2007 | Category: Trusts | State: New Jersey | #8777In a living trust, can the trustee and beneficiary be the same person?
In a living trust, can the trustee and beneficiary be the same person?
06/11/2007 | Category: Trusts | State: California | #6345When my brother passes would I have to pay probate costs as beneficiary of his estate?
My brother does not own real estate. He only owns a car and has about $450,000 in 401k & $100,000 in life insurance. I am the named beneficary of these 2 accounts. When he dies, will I have to go to court and pay probate costs on these funds (he has no will at this time? If yes, what are the probate costs? Would a living revocable trust avoid probate cost? Would a living...
05/12/2007 | Category: Trusts | State: Virginia | #4524Where can I find information regarding Pennsylvania’s gift act pertaining to an irrevocable trust?
I would like to get some information regarding Pennsylvania’s gift act pertaining to an irrevocable trust and how it relates to the responsibilities of co-trustees or co-fiduciaries. Please state the applicable statute that applies.
04/30/2007 | Category: Trusts | State: Pennsylvania | #3431How could my aunt change the irrevocable trust set up by my grandfather?
My grandpa left me an irrevocable trust. How could my aunt change it? I received his part when my dad died but he left an identical one to be distributed upon the death of his wife. A few months before grandma died my aunt had it changed somehow. I got nothing. We are talking at least $500,000.00. I got $160,000.00 when dad died. It had been collecting interest for 10 years whe...
04/29/2007 | Category: Trusts | State: Wisconsin | #3421What is a land trust when selling a home?
I am currently selling my home FSBO and received and offer from an investor to purchase the home using a land trust. I've never heard of this before. Is this a safe way of selling a home and exactly what is it?
04/10/2007 | Category: Trusts | State: Nevada | #2871Where can I find the forms for doing an Income Cap Trust (Miller Trust)?
Where can I find the forms for doing an Income Cap Trust (Miller Trust)?
04/09/2007 | Category: Trusts | State: Arizona | #2815How would I protect my husband's income in the event he has to enter a nursing home?
I can't seem to find anyone who can give us this information, but here is my question. My husband is quite ill and should he, at sometime, have to go into a nursing home in the near future, would the nursing home take all of his income which is: Social Security, a retirement pension from his job and a disability pension from the VA. I am his spouse and we are both 70. I have on...
04/08/2007 | Category: Trusts | State: California | #2794Does the name of the trust have to be that of the grantor of the trust?
Does the name of the trust have to be that of the grantor of the trust or can the name of the trust be that of the beneficiary of the trust? Also, if there is a spendthrift provision in the trust, does the name of the trust have to include the word spendthrift?
04/06/2007 | Category: Trusts | State: Michigan | #2698Is there a specific type of trust called a Spendthrift Trust?
Is there a specific type of trust called a Spendthrift Trust or do regular trusts just contain a spendthrift provision?
04/04/2007 | Category: Trusts | State: Michigan | #2598