my mother who recently passed away has shares of stock thru compushare. I live in CA and she passed in oklahoma. Im not sure what to do to put these shares in my name. Not a large amount. The value is worth about 27k. Can you help in this area?
A lawyer would need to know if your mom left a Will or Trust naming the beneficiary of the stock because, if she did, only the named person would be able to access the stock. Either way, you need to get a death certificate and complete the Compushare paperwork. Be sure to return the paperwork to...Read more »
You should have a lawyer in the state into which you are moving review the trust and any power of attorney you have, since those documents could require additional or different language to be added. It doesn't matter if you meet with the lawyer before or after you move if you are certain that...Read more »
If the trust names you as a co-trustee and beneficiary, then the other trustees cannot exclude you. Trustees are obligated by law to follow the terms of the trust. If trustees ignore the trust and do whatever they so desire, they can be sued for breach of their duties. Tell your siblings that they...Read more »
He has been living off her pension for 12 years and took over her finances. We had a will done in 2006 which was 50/50 between my brother and I and in 2020 my brother had my mom do a new will giving him 60 and me 40 making him the executor and hid it from me for two years. He is selling and... Read more »
Since your mom owned a home, I am going to assume the total value of all of your mother’s assets exceeds the probate limit. That means your brother or you MUST file a Petition in Probate Court in order to transfer title to the property from your mom to both of you, unless title to the home was in...Read more »
Once someone dies, the trust becomes unchangeable (irrevocable) simply because the “owner” of the trust is no longer around to change it as the person sees fit. If the trust in your case has an attachment (usually called Schedule “A”) that lists all the person’s assets and that attachment...Read more »
I'm surprised your grandmother's estate (her assets left behind) has not gone through the Probate Court by now. If your grandmother had a Trust stating her desires, then whatever your grandmother said in that document will control what happens to her property, and your family most likely...Read more »
I'm sorry to say, your question doesn't make sense. Businesses are registered with the state, not registered at a property. Perhaps you can try asking your question again, but give the lawyers more information about what you need. Sorry about that!
The answer to your question depends on: (1) whether your father lived in California and, if so, if the total value of his assets exceeds $184,500; (2) whether your father had a trust, will, or no estate planning; and (3) if your father was married at the time of his death. Since we don’t have the...Read more »
The answer depends on whether your grandmother had a trust or will, what the trust or will says, whether there are other beneficiaries, and more information that is not contained in your answer. Unfortunately, a lawyer needs more information to help you. Sorry about that!
I'm sorry to say that a lawyer cannot answer this question without reading both the trust and the disclaimer. It's a bit like giving two lines of a book and asking a question about the whole book. Sorry about that!
I am in a California domestic partnership. Our house and all of our bank accounts are in my name. I want to make sure if something happens to me that my partner can get access to all of the accounts and the house goes to him. Do I need a trust? Will? Or can he just show the domestic partnership... Read more »
Good questions! The law in California divides people’s estates [your assets left behind at death] into two categories: (1) estates with assets totaling $184,500 or less in value; and (2) estates with assets valued at more than $184,500. People who would fall within the second category — which...Read more »
Assuming your dad and his wife live in California, the property they acquired as a married couple is owned 50% by your father and 50% by his wife because California is a community property state. There is no problem with your step-mom putting her half into a trust because she owns it and can do...Read more »
My grandparents passed away over 10 years ago and I am trying to get their medical history. I am not the executor of their estate (they didn't do estate planning before passing away) and my father is the death certificate holder. I live in California, however, they passed away in New York. I... Read more »
You are right on the money with the HIPAA reference. Everyone has a right to privacy in their medical information. So, if one spouse is in the hospital and the other spouse calls to ask how the hospitalized person is doing, the hospital is not even allowed to acknowledge the person is in the...Read more »
The original trustee was deemed medically incapable of handling her trust so her co trustee was moved into the position. The new trustee wants help with it, being she is not knowledgeable of the handling of the trust and has health conditions that make it hard for her to get around. She would like... Read more »
Think of the trust as the official rules book because everyone is required to follow the terms of the trust. If the trust you are working with says three co-trustees are allowed, then you can do it, so long as you follow the requirements set out in your trust. If three co-trustees is not allowed by...Read more »
If the trust is a Revocable Trust, the answer is likely yes. If the trust is an Irrevocable Trust, the answer is likely no. But, a lawyer would have to read your particular trust to know definitively one way or the other. Sorry about that!
There isn’t enough information for anyone to help you. Unfortunately, it’s a bit like giving someone the last three pages of a book and asking if it was a good end to the story. I’m not a civil litigator (other than probate), but it sounds like you need a litigator to whom you can give much...Read more »
The mentally ill person is my friends cousin and he used to own 3 properties, well the estate has been taken from him and we dont know why. Now they are coming after the condo where his cousin stays at.
I’m sorry your friend’s cousin is in that awful situation. The cousin will need to hire a litigation attorney ASAP!! If there is an imminent threat to the property being taken away, the cousin can seek a restraining order to stop the property sale. Please don’t wait. If the cousin doesn’t...Read more »
As an out-of-state son (#1) and named beneficiary, is it possible to get a trust accounting and a copy of the current (I've seen an older one) trust from a completely uncooperative other son (#2) who is the executor and POA? He keeps moving my mother to different facilities (early alsheimers)... Read more »
Unfortunately, you may have an elder abuse situation on your hands. Elder abuse includes both physical abuse and taking advantage of someone with limited mental capacity by spending all their money. I'm sorry to say it sounds like you need to hire a lawyer because your brother won't...Read more »
My brother passed on Sunday. He left a holographic will and named an executor. He was also a lawyer so I don’t have any reason to question the validity. I am in contact with the executor and she’s going to file the will today or tomorrow. My mom is next of kin and has been estranged from my... Read more »
No one can legally access another person's bank account without specific authorization. If your brother had assets with a total dollar value of more than $184,500 (excluding retirement and a few other items), then your family will have to go through a court process called Probate BEFORE...Read more »
(update) I have had difficulty with the DMV and financial institutions for opening accounts, loans, credit, and insurance. I expect the IRS will not accept an address in a commercial zone as my personal residence. So far, when I have run into a problem, I have used my old residential address, but... Read more »
It would help to know for what purpose you need a residential address. You should be able to use your work address as a mailing address for most purposes. So, unless there is a specific reason you must have a separate address as your home, just use your work address. Obviously, this response...Read more »
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