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Filing A NOD
thanks tm, i passed the info along. if it was me, i would probably start over, and not take any chances- TrustUser
- Post #41
- Forum: Business Bankruptcy
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Filing A NOD
also, i think he had a foreclosure proceedings started on it awhile back, and it was never stopped by the trustee. if so, can he just simply allow it to proceed ? or does he need to start a new one, in order for it to legally stick ?- TrustUser
- Post #39
- Forum: Business Bankruptcy
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Filing A NOD
okay, it sounds like he will still have to go thru formal foreclosure proceedings, which i think is 120 days or so. he is a secured investor. i was hoping he might have some sort of abbreviated process, if the trustee had been made the new owner.- TrustUser
- Post #38
- Forum: Business Bankruptcy
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Filing A NOD
i am curious. a fellow investor on my loan is also an investor on another loan. the trustee is considering "abandoning" this other property, if that is the correct term. if this occurs, does my fellow investor need to go thru the typical foreclosure proceedings ? i have seen many of the CAR...- TrustUser
- Post #35
- Forum: Business Bankruptcy
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Do I have to re-sign and re-date my Pour-Over Will each time I make amendments to my revocable Living Trust?
hi trusting, i did not originally intend to make any comments about it, because it is not a big deal. i would advise you to go ahead and do as they ask, if you want to do business with them. it doesnt hurt.- TrustUser
- Post #21
- Forum: Wills, Trusts and Estate Planning
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Do I have to re-sign and re-date my Pour-Over Will each time I make amendments to my revocable Living Trust?
i didnt really say anything about it, at first. only when it was stated to me. but i gave my opinions, and REASONS behind them. i am perfectly happy to listen to why my opinions are in error. but just because someone with a law degree says something, i dont necessarily believe it. i...- TrustUser
- Post #19
- Forum: Wills, Trusts and Estate Planning
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Do I have to re-sign and re-date my Pour-Over Will each time I make amendments to my revocable Living Trust?
hi tm, i wasnt arguing about having new dates and new docs for the pour over will and affidavit. but i disagree with your first sentence, at least in the way that i am reading it. because an amendment and the trust are never gonna have the same dates on it. the amendment has its own date on...- TrustUser
- Post #15
- Forum: Wills, Trusts and Estate Planning
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Do I have to re-sign and re-date my Pour-Over Will each time I make amendments to my revocable Living Trust?
as a general rule, there is nothing on the original trust document that signifies anything about any particular amendment. so if someone should toss out an amendment, no one would know. just fyi.- TrustUser
- Post #12
- Forum: Wills, Trusts and Estate Planning
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Do I have to re-sign and re-date my Pour-Over Will each time I make amendments to my revocable Living Trust?
i dont know what the nature of your amendment was, but if it has anything to do with beneficiary names or percentages, i would not do so via amendments. and to a somewhat lesser extent, the naming of successor trustees.- TrustUser
- Post #9
- Forum: Wills, Trusts and Estate Planning
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Do I have to re-sign and re-date my Pour-Over Will each time I make amendments to my revocable Living Trust?
a better question is why are you making so many amendments to your trust ? amendments tend to "disappear"- TrustUser
- Post #4
- Forum: Wills, Trusts and Estate Planning
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Tenancy in a Contentious Trust
i disagree with the above advice. the op needs to do something while the father is alive, if he has any hopes of getting anything. if the father truly wants his son to have something, then said son should get said something. and it seems pretty obvious to me that he aint getting it, if it...- TrustUser
- Post #6
- Forum: Wills, Trusts and Estate Planning
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receiving an ira - how does this work ?
yes, thank you. there will be no sharing. whoever inherits, pays their taxes, and keeps the rest -
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receiving an ira - how does this work ?
hi gang, her son is definitely the primary beneficiary. but he is not taking care of himself. so it is at least somewhat likely that he will die, while she is still alive, and possibly no longer able to tell us what she wants done. so i am trying to take care of that situation, in case it... -
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receiving an ira - how does this work ?
yea, that is why i decided to do it the way that i did. my sister is in a rest home. i think she is still competent, so i wanted to take care of it, while that is true. i dont think she has anyone else to give it to, so i wanted to figure out the best way to do this. (son has no wife or... -
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receiving an ira - how does this work ?
i did change my mind about something. if my sister does not have anyone else she wants to give it to, then i think it will work best if all 3 of us are co-contingent beneficiaries. and then each of us report whatever we receive on our own income tax return. that should be the least involved... -
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receiving an ira - how does this work ?
i did read those 3 pages. i am not gonna go thru a bunch of rigamarole of claiming so much in every year, etc. i want this to be very simple. i will make myself the contingent beneficiary, pay all the taxes as a 1-time lump sum distribution, and then split it with my other 2 sisters. then i... -
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receiving an ira - how does this work ?
sorry, i wasnt as clear as i should have been. it is my sister's ira. it goes to her son. but there is a chance that he will die before her, and she unable to make any changes. as i am the person who is gonna have to handle this, i do not want to go thru probate. it is not a large amount... -
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receiving an ira - how does this work ?
if my sister dies, and her son also dies before her - the credit union told me that it would be best to have a contingent beneficiary, to pay the taxes. it needs to be a person. is the tax on an ira acct, based upon the recipient's tax structure ? 3 of us siblings would probably inherit it... -
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1041 tax form
thanks guys, i have a very simple set of income/expenses. so i am doing it myself. the fed form is done. california has not put out their 541 forms, as of yet. just wanted to remind you that i have already filed several of these in the past, when my mom was the sole beneficiary. if i had...- TrustUser
- Post #12
- Forum: Wills, Trusts and Estate Planning
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1041 tax form
hi tm, gosh i hope you realized that i meant schedule E !! i have rental income, not farm income - LOL- TrustUser
- Post #6
- Forum: Wills, Trusts and Estate Planning
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