Archive for the ‘Law & Ethics’ Category
My Father hired a family trust attorney many years ago to create a family trust and appointed me the successor trustee. Later my brother in law started using him and so did my brother. Now that my Father is passed the family is getting nasty. I may have to go to court because my sister is trying to have me removed as the successor trustee. My lawyer is telling me he cannot represent me in court b/c of a conflict of interest since he is also been retained by other family members for their needs as well. I am unable to hire another attorney due to lack of funds, what can I do and is what he did ethical?
Rashad Mcgillivray
Family member died leaving a living trust. At the time he/she died, there were no outstanding debts other than medical. Those have been paid. Assets were savings accts & home. Home is on the market, but not selling. Can a distribution of the savings accounts be made to the beneficiaries before the home sells? We were told that no distribution could be made until the home was sold (even though there are no outstanding debts, not even a mortgage.)
Kiersten Jaber
. Bates and Crowther are partners in the Private Client department of a firm of solicitors. They are also trustees of a family trust set up two years ago comprising about £800,000 in a deposit account and a freehold office block worth £1.2 million. They are aware of a consensus of opinion in the property industry that changes in property taxation may make the office block worth substantially less, but have decided to take the risk and retain the office block because of their belief that land is always a safe investment in the long run.
When the trust was set up, the amount on deposit was about £835000 and the trust assets included a vintage car. However the car was sold for £15,000 during the last year to Crowther’s son, while the solicitors firm has charged £25,000 in legal and management fees at the end of 2005 and 2006.
Bates and Crowther have now decided to withdraw the sum on deposit and invest partly in Stock Exchange investments and partly in Delibates Ltd., a delicatessen business in which Bates’ wife has a substantial interest.
The trust is a discretionary trust for the twenty grandchildren of its settlor. The trustees decided shortly after the trust was created to pay all the income to the settlor’s oldest grandchild and have set up standing orders to that effect.
Advise the beneficiaries
Pandora Ackerley
Why don’t we get rid of the government who have proved themselves to be a bunch of thieves, ******** and criminals and hand the country over to the Royal Family?
I am talking about the British Government
Lyman Krinke
I am in need of a family lawyer pls if you know someone let me know. Someone who will not rip you off, someone you can trust and will do the job.Thank you!
Celestina Dalponte
I am a co-trustee along with a bank for my own trust. The trust was set up in a will, and the co-trustees have changed twice from a family member, to a lawyer, who passed it on to the bank. I, as the co trustee want to remove the bank as the co trustee, to avoid the bank fees for handling the trust and the lack of opportunity they give me to make investments. Thanks. Julie
Lyndon Impson
My son’s ex-girlfriend is trying to get him in trouble somehow. She put a restraining order against him and told the police tons of lies about our family. It is hard to believe that someone can have such a bad heart like this person! She has been sending letters from lawyers claiming that my son’s dog belongs to her and that my son owes her $2400. The puppy was born to my two german shepard’s and my son wanted it for him, so i gave it to him.The puppy has never left my home. I’ve been feeding it and caring for it since it was born. Now the girl is claiming that i gave her the puppy as a gift. When the puppy was born, my husband gave my son money for the puppie’s vaccines, at the time, they were still together, so she payed with her credit card instead. The question is.. Can my family fight this? Also, she has been stalking my son through the internet and we have proof of that. Is she allowed to be doing this even though she put a restraining order against him? Can I file a complaint against her for making false statements against our family? Please Help!
Murray Alsop
Bates and Crowther are partners in the Private Client department of a firm of solicitors. They are also trustees of a family trust set up two years ago comprising about £800,000 in a deposit account and a freehold office block worth £1.2 million. They are aware of a consensus of opinion in the property industry that changes in property taxation may make the office block worth substantially less, but have decided to take the risk and retain the office block because of their belief that land is always a safe investment in the long run.
When the trust was set up, the amount on deposit was about £835000 and the trust assets included a vintage car. However the car was sold for £15,000 during the last year to Crowther’s son, while the solicitors firm has charged £25,000 in legal and management fees at the end of 2005 and 2006.
Bates and Crowther have now decided to withdraw the sum on deposit and invest partly in Stock Exchange investments and partly in Delibates Ltd., a delicatessen business in which Bates’ wife has a substantial interest.
The trust is a discretionary trust for the twenty grandchildren of its settlor. The trustees decided shortly after the trust was created to pay all the income to the settlor’s oldest grandchild and have set up standing orders to that effect
On what basis can the trustees be in breach and why
Aurora Keziah
We moved from California and have a family trust to avoid probate. Need to know how to make necessary changes.
Theodore Biorkman
When should a revcocable trust be payed out after both parants dies. There is real estate involed, cash , stocks. oldest member of family is trustee.
Felecia Oakland