Posted 2 years ago
Anonymous

What is a Famley trust For aHouse?

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Explore the latest questions and answers related to "What is a Famley trust For aHouse?"
Geraldine Brown Michigan Attorney

Answered: Trusts for Grandchildren

A trust can be set up for grandchildren or for anyone else or even a pet. If your assets are very large (millions), you will need to consider possible generation-skipping taxes. This is general information not intended as legal advice. No attorney-client relationship has been established ...
Geraldine Brown Michigan Attorney

Answered: My dad pass and has a living trust what do i do now

The first thing to do is read the trust and/or consult with the attorney who wrote it. When your father died his trust became irrevocable. It can no longer be changed and the provisions must be followed exactly as written. It can no longer use his social security number as a tax ID and a new tax ...
Marjorie

Answered: How much money do you need to start a trust fund?

Explain which is better a trust fund or a will to leave assets to a surviving spouse.
Geraldine Brown Michigan Attorney

Answered: Are You Setting Up a Trust Fund?

A trust is an excellent way to provide for loved ones after you die because you can set it up to be doled out in the manner or on the schedule that you choose. Be sure to pick a reliable Trustee because he/she or it will be responsible for making decisions regarding the money based on the ...
PGroot

Answered: Irrevocable trust

There are professionals who specialize in wills and trusts. They are lawyers.
trustguru

Answered: What % is the trust adminstrator fee?

The industry standard is 1% of the value of the Estate. This of couse is negotiable and is of couse subject to my canned answer. Its on a case by case basis.
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More Questions

Explain a trust .

It depends on the terms of the trust and how you set it up, if you are not clear you should ask your husband or your lawyer but basically it means that your money is set aside in a trust for your children and there are trustees who are appointed to issue this money to your children, either when they ...

Living trust

A living trust is a trust you create during your lifetime rather than one that is created by your will or another trust after your death. That would be a testamentary trust. Your living trust can be either revocable or irrevocable. if it is irrevocable, you can have very little influence on the ...

If your parent has a living trust do you pay taxes on the money you

However, the estate tax can change if Congress decides to change it.