Q: In 2012, I set up a living trust and signed a quitclaim deed to my house and property over to my daughter. If I now decide to sell my house, what do I have to do? Could she sign a quitclaim deed ...
Q: My mother (a widow) would like to put her home into a living trust to avoid probate. Before we do that, we have some questions. First, does tax law allow for a step-up basis on the property if she ...
Q: My mother bought her home in 1968 but doesn’t remember where the title or deed is. She has the release of mortgage paperwork. Is this the same thing as her title? What documents do we need to put ...
Dear Mr. Premack: I am thinking about hiring counsel to prepare a living trust for me. Before I do, I wanted to know more about giving my assets to the trust. Is it possible to create a living trust ...
Q: I’m a 60-year-old single woman who hopefully has all my finances in order. I have beneficiaries on all of my accounts and a will, but I don’t have a trust. Considering the cost of setting up a ...
Q: I had a living trust drawn up twelve years ago. I am the trustee. It was funded, and my condo was retitled in the name of the trust. Since then my equity in the property has increased substantially ...
Clients often think trusts can do everything – as if they are magical creatures – the unicorn of estate planning. All their problems are solved because they have a trust. That may be the case, but it ...