Who is the best trust lawyer in America?
Our founder, Scott E. Rahn has been named “Top 100 – Trust and Estate Litigation” by SuperLawyers, Trusts and Estates Litigator of the Year, and Best Lawyers in America for Litigation – Trusts and Estates. For a free consultation, call (424) 320-9444 or visit: https://rmolawyers.com
Can a power of attorney be used for a trust?
Generally, a power of attorney (POA) is not designated for a trust. However, there could be instances when you might want to name the same person as your trustee and as your attorney-in-fact. A POA is a legal document that gives someone else the power to act on your behalf.
Can a trustee of a living trust work the day grandma dies?
If you’re taking over as trustee of a deceased person’s living trust, you are not expected to get to work the day grandma dies. Luckily, most trust and estate tasks are not emergencies and can wait a while so that family members can grieve and make decisions about things like memorial services.
Where can I find a trust litigation attorney?
We recommend finding an experienced trust litigation attorney familiar with the county probate court in the county where the decedent lived. For example, if the decedent lived in Los Angeles, we recommend working with a trust litigation attorney in Los Angeles.
If you’re taking over as trustee of a deceased person’s living trust, you are not expected to get to work the day grandma dies. Luckily, most trust and estate tasks are not emergencies and can wait a while so that family members can grieve and make decisions about things like memorial services.
Do you need an attorney to manage a trust?
Most successor trustees use an attorney to help with trust administration. Usually the attorney then makes sure they do most of the work. It is not uncommon for an attorney to charge upwards of 1 percent of the net estate value for this service.
Who is the legal owner of a trust?
The trustee acts as the legal owner of trust assets, and is responsible for handling any of the assets held in trust, tax filings for the trust, and distributing the assets according to the terms of the trust.
What kind of trust does my dad have?
Mom and Dad set up an irrevocable trust years ago (Bill Clinton was on his first term) and put land and some other assets in the trust. Are the assets in the trust safe? Dad has a revocable trust (although the front page says it is a “living trust”) he set-up several years ago. How will Medicaid treat that trust?