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answered on Mar 22, 2023
Tangible personal property is transferred to a trust with a bill of sale or assignment in most cases.
I'm a joint owner listed on my dad's bank account. He is elderly and needs a financial power of attorney. Can I be his financial power of attorney while listed as a joint owner on the bank account?
answered on Mar 26, 2022
Yes as to his interest in the account but should not have to as both co-owners should have equal access to 100% of the value
CPA is telling me I have to pay capital gains on the sale of my deceased mother's home because the irrevocable trust was set up as a Medicaid protection,
answered on Mar 5, 2022
yes there are many situations where a home held as corpus of an irrevocable trust will not receive a stepped up basis.
My friend basically has nothing! She needs these funds to payoff the loan she borrowed for the services she had for her brother and then her sister 4 days later. If there is a chance I can help w/o an attorney (no disrespect), please advise. Again, thank you for time and consideration.
answered on Oct 14, 2017
technically an attorney is rarely required, but (a loaded question) is always a good idea. essential if it is a contested matter.
No Will in place. Does this fall under Intestate Succession Law?
answered on Oct 14, 2017
Short answer-yes for all probate assets ( without joint owners or beneficiary designations)
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