I am trying to help an older friend find out information. He wants to know how he can give his grandson $100,000 to build a house out of his estate. Is this possible? His wife died two years ago. I tried to help him find out information, but keep coming up against walls.
If two people have a revocable trust and they are both trustee’s can one person break the trust without the other persons signature.
A husband and wife wish to make duplicate/mirror wills and when the first one dies they each wish to leave 1/2 the house to their two children. This is to avoid a nursing home from taking the home if the surviving one is in need of such care. How is this accomplished in the will?
Are the proceeds/value of term life insurance includable in the owner’s estate for estate tax purposes? If I purchase a $500,000 term life insurance policy, with myself as the owner, with my spouse as the beneficiary, what would be the tax consequences?
I do not know if I need just a will or a living trust. A am a single woman with 5 grown children. I haven’t any debts, own my home and car. Have CD’s with each of the children equally as beneficiaries, a life insurance policy with the oldest child as beneficiary so she can…
Should I record my trust before I record the quit claim deed placing my house into the trust with me serving as the Trustee and my wife and brother-in-law serving as the Co-Trustees?
An LLC trust for asset protection when I go to invest funds ask for Social security number even though with a trustee and a separate Id number. What was the purpose of the trust? Also I had a nominee trust done but do not no which one is better?
I have a Life Insurance Trust where my spouse is the Trustee and a Beneficiary along with 2 Children. Can money be transfered from a joint account to an account in the “name of the trust” to pay the premium? What impact does a transfer from a joint account have on the Trust?
1. Can individuals write up their own revocable living trust, have it notorized, and have it legally acceptable by the law? Rather than pay several thousand dollars for someone else do it? 2. Can you send me a sample?