Recent content by curb1

What is the name of your state (only U.S. law)? Oregon I have a simple question that I didn't know which forum this would apply. When a parent puts a child's name on a bank account, does this immediately become a gift to the child? I think it would be a gift since the child could (absent of...

What is the name of your state (only U.S. law)? Oregon Upon death of grantor, is it legally necessary to transfer titles of real property held in revocable trust from trustee to successor trustee prior to distribution to beneficiaries? Or, can the distribution be direct to beneficiaries...

What is the name of your state (only U.S. law)? Oregon What happens when Trustee distributes some assets to grandchildren rather than the beneficiaries of the irrevocable trust (grantor died). Everyone involved in the trust (beneficiaries) has agreed to the transaction. What are the problems...

What is the name of your state (only U.S. law)? Oregon Does anyone have any reason(s) why an immediate liquidation of trust assets would not be advisable for a very "clean" trust? There a six real estate properties plus cash assets. Change titles and be done. There are no debts on anything...

What is the name of your state (only U.S. law)? Oregon Can someone be specific about the election for a Qualified Revocable Trust? This is what I found, but could anyone add more detail? What specific main reasons are there for the election? Is it normally elected? Advantages When someone...

What is the name of your state (only U.S. law)? Oregon Question I can't answer. Ignore if not appropriate for this forum (or tell me where I might find an answer). This question might be generic to many states. Trust valuation is $950,000 to $1,050,000 depending on appraisals of five...

What is the name of your state (only U.S. law)? Oregon This is a question that came up today. Are these statements contradictory? We have a relative who died and she had $220,000 in CDs with a POD designations. The first statement below would suggest that the CDs would not be part of her...

What is the name of your state (only U.S. law)? Oregon What are the mechanics involved in transferring trust from a trustee to a successor trustee in the case of death, or disability for example. The trusts that I am involved with do not address the mechanics of transfer well.What is the name...

What is the name of your state (only U.S. law)? Oregon In a very simple situation, what might be the disadvantages of having a TOD (Transfer on Death) account set up instead of putting bank accounts and brokerage accounts in a revocable trust? By simple I mean a brokerage account having three...

What is the name of your state (only U.S. law)? OR I have a question for some of you who are more informed than I. Father-in-law passed away last week. He had a small life insurance policy that had the listed beneficiary as his wife (my MIL) who passed away eight years ago. Other than that...

I don't know the answer. What happens if a will is never probated and never contested, but assets are distributed in accordance (or not) to the will? What is the name of your state (only U.S. law)? OR

No to the previous post. There is a look back provision that is for this very reason. She should pay her own way until her money is gone. What is the name of your state? OR

How does the previous post get locked? "What is the name of your state? California Where do I go to get a copy of my brothers' living trust, where I am listed as a beneficiary, when I don't know who he used?" What is the name of your state? Oregon

What is the name of your state? CA When the assets in a revocable living trust are placed into a bypass trust and survivors trust following the death of first spouse, do the assets need to be retitled to reflect the different trusts?

What is the name of your state? CA Attorney draws up revocable living trust. What can be the possible attorney fees after death? Wouldn't a properly drawn trust spell out the instructions to the trustee for distribution of assets without additional attorney costs? Is it normal procedure for...