Archive for July, 2007
Joe B asked:
if someone sets up a family trust, can they put money in a family trust account and trade and invest it? what would be the tax or any benefit to this? thanks, explain please
Cliff Dumesnil
if someone sets up a family trust, can they put money in a family trust account and trade and invest it? what would be the tax or any benefit to this? thanks, explain please
Cliff Dumesnil
Billy H asked:
My dad recently passed away and he was 1/3 owner of a trust set up by his mother to protect two parcels of acreage from ever being sold. When we contacted the brother and sister (the other two names on the trust), they indicated that they were going to sell the property and they had my dad sign a power of attorney a few months ago when he first became ill.
I realize that the power of attorney they had is now invalid- BUT, how do I contact the proper courts (I know deed #’s lot #’s, courthouse locations, etc.) to stop any sale of this property until I can obtain copies of the trust to understand what my rights are. I would think the faster I contact them with the fact of his death, that would at least insure I am involved in any pending sale. Also- one of the propertys is being sold BELOW tax value to one of the 1/3 parties.. which sure sounds like a scam to me!! I just want to know WHAT to file and with WHO? Most docs do not address this that I’ve found. Thanks so much !!
Octavia Zelkind
My dad recently passed away and he was 1/3 owner of a trust set up by his mother to protect two parcels of acreage from ever being sold. When we contacted the brother and sister (the other two names on the trust), they indicated that they were going to sell the property and they had my dad sign a power of attorney a few months ago when he first became ill.
I realize that the power of attorney they had is now invalid- BUT, how do I contact the proper courts (I know deed #’s lot #’s, courthouse locations, etc.) to stop any sale of this property until I can obtain copies of the trust to understand what my rights are. I would think the faster I contact them with the fact of his death, that would at least insure I am involved in any pending sale. Also- one of the propertys is being sold BELOW tax value to one of the 1/3 parties.. which sure sounds like a scam to me!! I just want to know WHAT to file and with WHO? Most docs do not address this that I’ve found. Thanks so much !!
Octavia Zelkind
Gnostic Ninja asked:
The Bassham Family Trust has purchased several apartment complexes around the country, but it’s quite a mystery (online anyway) as to how to get in touch with them if you have a complaint about one of their complexes. There seems to be no free data online about them, other than public records of their purchases. Does anyone know how to reach them?
The Bassham Family Trust has purchased several apartment complexes around the country, but it’s quite a mystery (online anyway) as to how to get in touch with them if you have a complaint about one of their complexes. There seems to be no free data online about them, other than public records of their purchases. Does anyone know how to reach them?
If I knew what city they were located in, I’d try the phone book, but even that information doesn’t appear to be available. Any help would be appreciated.
Octavio Spragins
carolinemy77 asked:
I loaned $114,000 to a “family friend”, unfortunately she squandered away the money and now does not have the money to repay the loan. I know that she is a benificary to her mother and seperately her fathers estate trust. Is there any way that I can place a lien on any future inheritance that she may be intitled to?
Roman Merrion
I loaned $114,000 to a “family friend”, unfortunately she squandered away the money and now does not have the money to repay the loan. I know that she is a benificary to her mother and seperately her fathers estate trust. Is there any way that I can place a lien on any future inheritance that she may be intitled to?
Roman Merrion