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Archive for the ‘Living Trust’ Category

The deed to the real estate is registered as part of a revocable trust. Can the conservator petition the court to sell it? This is in Wisconsin.

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Is it possible to have a will or living trust that explicitly excludes ones spouse without the spouse knowing about it? For example, leave all assets to charity or a parent.

Best Answer to a person who answers who really knows this and can provide some details!

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Does it have to include the persons name, or can it be a fictional name of something with meaning to you like Star Wars Trust, dated 12-1-2007?

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2 Trustees are carrying out the activities of the trust, which includes durable power of attorney for an elderly woman. The woman revokes the durable power of attorney and nullifies the trust, creating a new one with new trustees. Can the original trustees be held financially accountable for their activities? This is in California.

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Four years ago my Dad died and left his assets to 6 children through a trust in the state of ARkansas. The majority of assets were distributed the first 2 years. One piece of land remains that is seemingly land-locked–the adjacent neighbor will not allow access, and none of us can found the legal access road to the land. Our attorney will not help…it seems he just wants to continue to draw out this trust. My sister, the trustee, lives 350 miles away, and chooses to do nothing…HOW CAN WE GET THIS TRUST FINISHED? I am concerned that 10 years from now I will be paying attorney fees to pay the property taxes on this land.

Please give me a direction to get started.

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Especially in cases where children are involved and the living trust spends very little to no time with the children each year.

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the home was put in their children’s name as a way to give us an inheritance. They are living i a nursing home and a portion of the sale must go to the government as they are on SSI. We need information on the best ways save on these out of pocket expenses and preserve the inheritance moneys as our parents intended.

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My stock-coop apartment is in a living trust. The homeowners assoc. need to borrow money on the building to make repairs to keep the building up to local code.
Mu co-trustee is refusing to sign for the loan.
I will sign or the building could be fined and condemed eventually. My unit is worth 5 million dollars!

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There were 2 trustees but my mother insisted the other take his name out of it. She sold the building that was left in the trust for her 5 children and claims that the money is hers to do with as she pleases, including buying CD’s and designating who they will go to.

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Would the Attorney’s fees be paid by the new trust for the benefit of the Surviving Spouse? The trust of the Deceased?
-OR- Out of the surviving spouses’s personal pocket?”
Would the Attorney’s fees be paid by the new trust for the benefit of the Surviving Spouse? The trust of the Deceased?
-OR- Out of the surviving spouses’s personal pocket?”

-How could the money come out of the estate before the new trusts were created? The costs were incurred during the closing of the old trust and the creation of the new trusts. The bill rolled in a month later.

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