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Recent content by TrustUser

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

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    Estate tax exemption is only 60k for US citizen but not residing in USA?

    hi tm, have they changed the way they do capital gains taxes ? i dont think i have ever claimed a capital gains tax, so it may simply be that i was never correct about it. but i was under the impression that only a percentage of the capital gain itself, was added to ordinary income, and then...
  2. T

    Simpler way to handle living trust/will for property than transferring into a Trust

    tm answered that question exactly, for me. i put all of my long-term properties in their own separate trusts. so that requires creating a new trust document, printing it out, etc. i do realize that having separate trusts while i am alive may or may not be of help to me. but it will certainly...
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    Simpler way to handle living trust/will for property than transferring into a Trust

    hi ron, lately in california, the lenders/title companies are becoming fussier. i used to just send them the certification. they didnt even want the full document. and often they would just make you sign their cert. but now they are wanting to see the full trust. with the properties that i...
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    Simpler way to handle living trust/will for property than transferring into a Trust

    you can still make offers using just your own name. how you hold title is taken care of in escrow
  5. T

    Is the will invalid?

    it will probably work out for you. i was just making some statements about how i think a creditor would feel about the situation. good luck !!
  6. T

    Is the will invalid?

    while i still think that trusts do a better job, i will grant you that a well written document is a big plus, in either case
  7. T

    Is the will invalid?

    trusts may be subject to attack, but the percentages are way, way less avoidance of probate is probably the number one reason why people get trusts
  8. T

    Is the will invalid?

    hi tm, mine was a special case, that i really didnt understand. the owner of the property mgr was supposedly placing funds into a trust account. and it turns out that it was in some sort of trust account. she committed suicide, cuz she was caught robbing peter to pay paul. had the court...
  9. T

    Is the will invalid?

    just another case where the legal law is unfair. if the creditor can not be paid off, he should automatically have the option of acquiring the assets. i have had the unfortunate experience of part of a bankruptcy hearing. as a creditor, i got almost next to nothing. the court system was all...
  10. T

    Is the will invalid?

    oh well - there goes that idea - LOL. but i think you guys now understand my complaint !! as a creditor, i dont know if i like the idea of an auction. it is a crap shoot on how many people turn up.
  11. T

    Is the will invalid?

    if i am the creditor who is owed 16K, and the beneficiary is telling me that i am only gonna get 2K back, from the sale of this furniture that he is gonna buy - i tell him that i will take possession of the furniture myself. and will find out for myself how much it is worth.
  12. T

    Is the will invalid?

    i think my hesitation is somewhat obvious, isnt it ? i think a creditor would think it was a lot more fair, if the creditor at least picked out the appraiser. as far as the comment about a family member more likely to purchase something which has little cash value, but much sentimental value...
  13. T

    Is the will invalid?

    if i am a creditor, and there is not enough money to pay my bill, i dont think i would be too happy about the beneficiary getting an appraisal, and then buying the goods.
  14. T

    Is the will invalid?

    just curious - how would you go about establishing a fair market price for the furniture ?
  15. T

    Is the will invalid?

    i think a notary on a will is a good precaution

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