Finding The Best Solutions And Ideas For Planning For Your Retirement.
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Your home has to go through probate when you die unless you pay for a living trust. It should be left to beneficiaries, like a savings account is. How do we get the legislators to change the inheritance laws?
After the second party dies the house does have to go through probate unless left in a trust, in California.
how do I set up a living trust to hold money
Am using Quicken Willmaker Plus 2007 to make my Living Trust. I have all of my cash invested in a Smith Barney account. I want to leave cash to a number of individuals. I would like my Trust to just say, "and to Joe Blow, I leave X thousands of dollars." But, in the Quicken software & book I’ve discovered that for every gift to a benificiary I must list a specific bank account OR leave a Bond to him, etc. Is this because this is THE way Trusts are to work and that if I do it any other way, it will just go through probate. My current Trust made out by an attorney just lists in Exhibit A: 1) my house and 2) says and for everything else I own. I have the feeling that my attorney has made it this way in hopes that it WILL have to then go to probate and he will make more money. I want to do this right and do hope someone here can shed some "light" on this that is honest. Who out there in "net land" knows what is the truth here?
Been told MI has a informal probate process and was advised by an attorney is better than a living trust. How can that be? Im afraid I would not know what papers to file and not file them correctly. Any advise?
I am the successor trustee for a living trust. The primary trustee recently passed away. It is my responsibility to distribute the assets to the beneficiaries listed in the trust documents. My question is the original trust creator stated to not pay any credit card debt after his death. It was stated the debt was personal, while all tangible assets were owned by the trust.
The trust documents were created in Tennessee. I want to verify the personal debt is not liable by the trust before I distribute any assets.
The debt in question is not for real property — Only personal debt such as credit cards.
My father just passed away. He had an attorney make a living trust for him. Now that he is gone I can’t get money out of his checking account to pay my mother’s mortage because the checking account was never added to the trust. The bank stated they will freez the account for 45 days. Also the attorney never had my dad noterize the deed for his share of a property he owned. Now the attorney wants more money to "make things right". Is it the attorney’s responsibility to get all the trust "funded"? I can’t believe an attorney left it up to an 87 year old man to get documents noterized by himself.
Can a husband put his assets in a living trust without his wife’s name on the trust, or without her knowledge?
Or, if a trust was already established then married, is the wife entitled to the trust?
Also the husband is ill.
Can a husband put his assets in a living trust without his wifes name on the trust, or without her knowlege?
Or, if a trust was already established then married, is the wife entitled to the trust?
My wife insist in setting up a living trust, can someone explain what is it? and how much should I pay for it? or is it something we can do on our own, any advise?
Have you thought about who would take care of them should both you and your spouse or significant other die? Don’t mistake Living trust for living will 2 different things)
Hello!
I am using the Quicken WillMaker program to make my last will and revocable living trust (and living will?). Once I have written it, what are the next steps I take to make these legal? Do I have to hire an attorney?
Advise, please!
We have our home in a living trust and recently, got a great offer from our lender, Chase bank, to refinance our mortgage but they will not let us take advantage of this offer since our home is in a living trust. Why does this matter? We qualify for the re-fi. under all of their other criteria.
Resently I have put my primary residence in a living trust and I am a trustee of it. Do I still qualify for homeowners exemption?
In December my Grammi passed away. I had been living with her for 3 1/2 years when this happened. She left her home to me in a living trust and I am living in the house at this time and have been told that if I sell it before I have lived in it two more years I will have to pay capitol gains tax on it as the title was just recently put in my name a few months ago. Is this true?
After the owner’s death,what is the procedure for selling the house that is in a Living Trust .Thanks for any information greatly appreciated