What happens if there is 80 acres of Forrest that belonged to a grantor and she wanted it to be sold after she passed away and to put in the TRUST but trustee didn't do that and gifted it to his children instead can he do that without telling the beneficiaries and what do you do to make trustee to pay it back?
My former father in law left an irrevocable trust. It was recorded with San Bernardino county. My former spouse is trustee, he is an attorney, and is sealing the trust, refusing to show me a copy. I am a probable beneficiary. Can I require the property to be sold or what should I do?
I'm concerned he may try to rack up fees and costs w/o my knowledge and I would like to carry out whatever my father in law intended for me and my daughter.
Isn't there a tax disadvantage passing the property via a trust since you are passing the property at the initial cost instead of current market value?
Wow. I appreciate you so much. You are an awesome teacher/presenter.
Very thorough and well explained. You did not go too fast. Thank you for this educational presentation.
Thank you so much
Good job. Thank you! 😊
What happens if there is 80 acres of Forrest that belonged to a grantor and she wanted it to be sold after she passed away and to put in the TRUST but trustee didn't do that and gifted it to his children instead can he do that without telling the beneficiaries and what do you do to make trustee to pay it back?
My former father in law left an irrevocable trust. It was recorded with San Bernardino county. My former spouse is trustee, he is an attorney, and is sealing the trust, refusing to show me a copy. I am a probable beneficiary. Can I require the property to be sold or what should I do?
I'm concerned he may try to rack up fees and costs w/o my knowledge and I would like to carry out whatever my father in law intended for me and my daughter.
If you continue past Schedule A and deed the property, will this flag the mortgage Company.
If Medicaid looks at assets for the 5 year lookback, would it be considered $ to reclaim?
Isn't there a tax disadvantage passing the property via a trust since you are passing the property at the initial cost instead of current market value?