What to do if the Successor Trustee is doing a bad job.
TODAY’S NEW FEATURE . . .”GOOD QUESTION, THANKS FOR ASKING . . . ” Q1: My parents died several years ago and my brother is the trustee of their trust. I don’t think he is following the trust but he will not talk to me. How can I motivate them to do his job? How can I find out what is going on with the trust and mom and dads property? Q2: I am 33 years old and happily married with 2 small kids. We do not own a house. I have life insurance and a 401k at work with $80,000 in it. Do I need an estate plan? Q3: I have a small maintenance business that bring in...
Read MorePutting Property in Your Living Trust (Trust Funding)
The process of putting your property into your Living Trust is called “funding” The process of putting your property into your Living Trust is called “funding”. To be vaild, a Trust must be funded. If your Trust is not funded, it is invalid. If you become incapacitated or die before you transfer property to the Trust, your heirs (family) will need to go to Probate Court to have a Judge determine if the Trust is valid. You can avoid this mess if you fund your trust.Learn about trust funding by listening to this blog post radio show or visit GQ Law for a free...
Read MoreChoosing a Guardian for Your Minor Children- 7 Things to Consider
Seven Things to Consider When Choosing a Guardian for Your Minor Children Who would take care of my kids if something happened to me? Would they be okay? We’ve all had these thoughts and although its not something we like to think about it is something we should think about. It is something we should not only think about but do something about now, while we can. Choosing a guardian is not something to take lightly. It is something to think about and plan while we are alive and well and can make good decisions. With the right plan we can make sure our kids are well taken care of no...
Read More8 Documents You Need in Your Estate Plan
8 Documents You Need in Your Estate Plan What you need in your Estate Plan from California Estate Planning Attorney, Gary Quackenbush of GQ Law. What exactly is a “complete Estate Plan”? You’ve probably been told to get a Will or a set up an Estate Plan at one point or another in you adult life but what exactly does that mean? Here is our quick list of the 8 most important documents to have in your Estate Plan. 1 – Living Trust The first thing you need in your estate plan is a Trust. Every good Estate Plan needs a Trust at its core. The Trust is what gives the...
Read MoreMoney and Trusts, Frequently Asked Questions
Money and Trusts, FAQ Marty Schneider, the Retirement Professor, asked me questions the following questions on our radio show today: What happens to money outside of the Trust when the trust creator dies? The money must be transferred to the Trust but may require court orders to make the transfer. Smaller amounts of money can be transferred through the use of Affadavits. How can you make sure that life insurance is in the Trust? You can look in our your original policy or ask the insurance administrator or company to provide that information. How can you make sure the bank accounts are in...
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