Archive for the 'Personal Finance' Category

do i have to pay penalties if i keep a bank account and CD in my family irrevocable living trust?

Friday, March 19th, 2010

cousinwaylon asked: my parents passed away and left myself and 4 siblings a living trust with farming property. We are trying to sell this land but still farming in the mean time. We pay taxes on our farming income but also keep a bank account plus a CD to pay for farming materials, [...]

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How do I collect money from my trust fund?

Sunday, February 28th, 2010

twubeam asked: My mother passed away when I was young and she left me a trust fund with one of my aunts as trustee. I believe I am now of age when I am eligible to collect part of the fund, but how should I write my aunt (the trustee)? I want to be warm [...]

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How to find out if I am the beneficiary to a family trust fund?

Monday, February 1st, 2010

Keepin_it_Real asked: My grandmother told my parents many years ago that I was the beneficiary of her trust fund. We do not have a copy of her will. It was not filed with the clerk of the court. Her nephew has the will and says the will is worded so that it would be almost [...]

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Who would I contact to set up a revocable living trust agreement for my estate? Are they legal in Texas?

Tuesday, January 19th, 2010

Sunny_1_ asked: My family lives in another state and I have no one in Texas I want to leave my property to. I want to set up a revocable living trust for my niece and nephew in Michigan. Who provides this service; a bank, an attorney, an insurance agent? Thanks for you [...]

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Can set up a irrevocable trust so that my relatives in a foreign country (canada) can be the beneficiaries?

Friday, January 8th, 2010

jdmrent asked: My family has some relatives in Canada, just wondering can they be the beneficiaries of a irrevocable trust or what can we do to insure they receive their entitled portion of the estate. Thanks in advance.Lu Buckey

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family trust account- checking/saving?

Saturday, December 19th, 2009

mona asked: my mother is been diagnoise with terminal illness we are now trying to be proactive putting finishing touches matter. she has a annuity account which names the benificuaries as the abcdef family trust, and check will coming in such name. how does one setup a banking account to deposit upon issuance of [...]

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How do I find out if I am included in a trust fund?

Tuesday, December 8th, 2009

sandm asked: A family member recently passed away and I was always told that I would have an inheritance. I was told by the lawyer that I was not in the will but I may be in the trust. The lawyer did not handle the trust and I do not speak to the family member [...]

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How do you find a lost trust fund?

Sunday, November 22nd, 2009

MissQ asked: how would you go about finding a trust fund that a dead family member set up. would ask family but they are crooked and are so engrossed with their own money and wont help. I keep getting tax forms to file quarterly taxes but I have no idea why! I only make 9$ [...]

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Checking Account Name - Individual or Trust?

Wednesday, November 11th, 2009

meppwc asked: I found out that I can establish my checking account under my name or under the name of our family trust. Does it matter which way I set up the account? Note, the primary beneficiary of this checking account is the trust.Josiah Werlinger

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What role do I need to be in a family trust to be able to use cash to sit in my mortgage off-set account?

Monday, November 9th, 2009

Luke asked: If I have cash in a family trust and I want to sit this temporarily in my mortgage off-set account to save interest, then put it back, do I need to be a beneficiary or trustee or does it matter?
But it’s a temporarily interest free loan so I’m not taking the moneyHailey Bayon

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