Question: Property inherited by a minor normally does not go directly to the minor but is managed by an adult. In my state, the age of majority is 18. My beneficiary lives in Nebraska where the age of majority is 19.
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Question: My wife and I have a family joint revocable trust, in which my daughter and her husband are the trustees. However, they do not want to do this job. My wife and I paid a lot of money, $36,000 for unlimited help, to our current elder lawyers, to get this trust and all our legal papers drawn up here in Florida. The lawyers who did our trust said that they could be the trustees, but it would cost $30,000 to $35,000 in addition.
Question: If I place my home in an irrevocable trust with my children as beneficiaries what is the tax upon my death?
Question: What’s the Best Way to Set Up A Scholarship Fund?
Question: My father passed away last year. (My mother passed away several years ago.) He had a revocable trust that says that upon his death the trust holdings, his home and some investment accounts, be distributed to me and my two siblings. I’m the successor trustee. What should I do now with respect to the trust?