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• 1. T

     Trust payout question

     you could have quoted my entire thought process, instead of just one sentence. of course i know what "realized gain" is supposed to mean. i dont know what was meant by it in that particular trust. this is what i said i am not sure what is meant by "realized capital gain" ? one way to...

     • TrustUser
     • Post #7
     • Dec 22, 2018
     • Forum: Wills, Trusts and Estate Planning
  2. T

     Trust payout question

     i am not sure what is meant by "realized capital gain" ? one way to interpret that is if an asset was actually sold, then there would be the basis to it plus a gain, if there was a gain. it makes a lot more sense, if trust is just adding gain of a sold asset to the monthly distribution

     • TrustUser
     • Post #5
     • Dec 22, 2018
     • Forum: Wills, Trusts and Estate Planning
  3. T

     Trust payout question

     i would need to read the trust to know for sure. but here is some feedback and maybe some educated guesses 1) assuming the beneficiaries are related, there is a step-up in basis when the grantor dies, so there is no capital gains at the time of inheritance 2) the trustee should get...

     • TrustUser
     • Post #2
     • Dec 21, 2018
     • Forum: Wills, Trusts and Estate Planning
  4. T

     Deed questions

     unless does texas not recognize a trust, the op should be able to avoid probate

     • TrustUser
     • Post #5
     • Dec 18, 2018
     • Forum: Wills, Trusts and Estate Planning
  5. T

     Declaring Investments without a Will?

     he had attempted to start a thread with a brand new question - which i think he made very clear

     • TrustUser
     • Post #14
     • Dec 10, 2018
     • Forum: Wills, Trusts and Estate Planning
  6. T

     Declaring Investments without a Will?

     also, while you would probably do best to name just one individual, as trustee it would not hurt to prepare a list of all the things that the trust owns and give that list to several people that you trust it is not that this list is legal, but it does give the beneficiaries a place to look...

     • TrustUser
     • Post #12
     • Dec 10, 2018
     • Forum: Wills, Trusts and Estate Planning
  7. T

     Declaring Investments without a Will?

     what the heck are you saying, here ? it sounds very convoluted. the op is absolutely correct - all he has to do is put his assets in a trust, and beneficiary has no legal means to know anything about it, while the op is alive. if that is what the op desires. if possible, i would at least...

     • TrustUser
     • Post #11
     • Dec 10, 2018
     • Forum: Wills, Trusts and Estate Planning
  8. T

     How does an irrevocable trust function/operate?

     in my experience, the best places are licensed people who take care of elders in residential homes

     • TrustUser
     • Post #3
     • Dec 5, 2018
     • Forum: Wills, Trusts and Estate Planning
  9. T

     Inheritance problem for my daughter

     i do not like having financial institutions as trustee. i would suggest finding a financially savvy friend or acquaintance, that you feel is trustworthy. this is what i would do, if i was in this situation. not that this is right for you, but it may at least give you something to think about...

     • TrustUser
     • Post #12
     • Dec 1, 2018
     • Forum: Wills, Trusts and Estate Planning
  10. T

      Inheritance problem for my daughter

      or you could create a trust now, and keep it out of the probate system, entirely since this trust is gonna exist beyond the death of the grantor (you), it would be wise not to do it yourself

      • TrustUser
      • Post #6
      • Nov 13, 2018
      • Forum: Wills, Trusts and Estate Planning
  11. T

      Can I sell my part of the inherited house?

      all 3 posts are excellent advice. just to add another 2 cents, if a house is priced correctly, it will sell. so obviously, yours is priced too high. if the house is not gonna be marketed correctly, then it should be taken off the market, and rented, so that income can be made vacant houses...

      • TrustUser
      • Post #5
      • Oct 29, 2018
      • Forum: Wills, Trusts and Estate Planning
  12. T

      Questions About An A-B Trust

      not correct about the distribution. it really all depends on how the trust is worded. since the exclusion is so high today, it wont affect many people. the concept of the ab trust though, is not simply to avoid taxes. another big concept is the ability for each grantor to specify who they...

      • TrustUser
      • Post #2
      • Oct 21, 2018
      • Forum: Wills, Trusts and Estate Planning
  13. T

      Titling Trust Accounts - Titled As Trust vs. Naming Trust As Beneficiary

      what i dont understand - is that i cant figure out how it affects the credit union, any differently

      • TrustUser
      • Post #11
      • Oct 21, 2018
      • Forum: Wills, Trusts and Estate Planning
  14. T

      Titling Trust Accounts - Titled As Trust vs. Naming Trust As Beneficiary

      many, if not most or all, institutions have different protocols for revocable and irrevocable trusts. for example, it is difficult around here to open an account at a credit union for an irrevocable trust. it seems likely to me that any transfer of funds from a pod designation is gonna happen...

      • TrustUser
      • Post #9
      • Oct 21, 2018
      • Forum: Wills, Trusts and Estate Planning
  15. T

      Question on Living Trust & Attorney Fees

      i think we are using the word "bias" in different ways. the way you are using it, seems not to have much meaning, in that you are equating the words opinion and bias. of course i have an opinion. when i use the word "bias", i am referring to an opinion that has something to do other than the...

      • TrustUser
      • Post #13
      • Oct 7, 2018
      • Forum: Wills, Trusts and Estate Planning
  16. T

      Question on Living Trust & Attorney Fees

      there is not much that needs to be done with a document that merely distributes assets. that is a hidden truth that professionals do not want us peons to know. i have seen many trusts that do a fine job. and one can start with that document, and make whatever changes are necessary. of course...

      • TrustUser
      • Post #11
      • Oct 7, 2018
      • Forum: Wills, Trusts and Estate Planning
  17. T

      Question on Living Trust & Attorney Fees

      i am a big trust promoter, and i dont make a dime from it !! most any free trust from the internet will do the job, if all you want is a WILL WITHOUT PROBATE tod designations are often limited to just 1 person within a trust, you can distribute to as many people as you want, and whatever...

      • TrustUser
      • Post #9
      • Oct 6, 2018
      • Forum: Wills, Trusts and Estate Planning
  18. T

      How to sign as Trustee

      agreed. if there are exceptions, i have never seen one. but the overwhelming percentage of grantor revocable trusts use the social security number of the grantor. and they typically are always funded. otherwise they do no good. a trust can only control assets that have been titled to it.

      • TrustUser
      • Post #22
      • Sep 19, 2018
      • Forum: Wills, Trusts and Estate Planning
  19. T

      Is there proper etiquette on attorney fees?

      believe it or not, i actually agree with much of what you said, regarding your comparison i stay away from both professions, and that is the last word from me, on the subject !!

      • TrustUser
      • Post #14
      • Sep 10, 2018
      • Forum: Wills, Trusts and Estate Planning
  20. T

      Is there proper etiquette on attorney fees?

      there is one big difference between lawyers and doctors though - doctors did not create the human body, and all of its ailments but their model to fix our ailments always revolves around expensive pharmaceuticals in other words, the main goal of our medical society revolves around profit, not...

      • TrustUser
      • Post #12
      • Sep 10, 2018
      • Forum: Wills, Trusts and Estate Planning