Legal Trust Fund
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Neil Said:
Do i have a legal right to see my Dad's will and the trust fund he set up for me and my brother?We Answered:
write to the clerk at the courthouse (Attn: Wills and Probate Section in the county where you live) and tell them what you told us. There may be a charge for the copy but tell them to bill you or tell you how much it is and you'd be happy to pay it. Of course you could call them and ask the same thing but I believe they will need your request in writing and signed (may even ask for a copy of your ID as proof you are who you say you are). Ask for the most current will and if they have a copy of the trust. If you can't get a copy of the trust then write your dad's attorney and ask for a copy of that as well. You can certainly also ask when the will was updated (so you can know in your mind just when that happened and trace that back to maybe a time of your dad's dementia or determine if something funny went on there).Jean Said:
House in a Trust fund, who has legal rights?We Answered:
If the trust specifies that the house will go to "so and so" on a certain date, then that is what will happen. Divorce doesn't factor into the equation or change that right.At present, legal title to the property is held by the trustee for the benefit of the beneficiary. You should consult the trust documents for further information, or hire an attorney to explain the trust documents to you.
Nora Said:
Why is Sarah Palin securing unwarranted benefits and receiving improper gifts through the Alaska Fund Trust?We Answered:
I am a Republican and I find her to be a corrupt dingbat.Gabriel Said:
What are good (legal) ways to reduce tax burden if your in a high tax bracket? What is a trust fund?We Answered:
A trust fund is a Trust with assets that you inherit from parents or other family members. This will not help you in reducing your tax bracket.I would assume then that you have much more money in salary than you need to spend.
1st I would buy a home if you do not yet have one and maybe a vacation home.
I would max out all Tax Deductable savings options like 401K's, IRA's, Roth IRA's etc.
Then, I would identify all longe-term dollars. Dollars that I would not need until I am age 59 1/2 or older.
Why pay Taxes at the highest margional tax rate on intesrest off these assets when you do not need to?????
With these Dollars I would:
1. Over Fund (Max Out) an Equity Index Life Policy to meet my life insurance needs and to defer all taxes on interest earnings until I chose to pay them, in a lower tax bracket in the future.
Go to http://www.joesalvemini.com/life_insuran…
2. Buy Fixed Index Annuities and other deferred annuities to defer the taxes on this interest earnings until I chose to pay them, in a lower tax bracket in the future.
Go to: http://www.jdsannuities.com/index_annuit…
3. If I am really wealthy, I will also invest in a diversified portfolio of Municiple bonds and stocks. Stocks for only 20% of all my total dollars. I want to stay wealthy and Not lose any money. Go to: Ameritrade
Mildred Said:
I need legal help getting my trust fund inheritance?We Answered:
Getting a consult with an attorney may not cost you anything, and he will tell you whether or not he would take you on as a client on a contingent (meaning if you get your trust fund, he gets paid from that) basis. People on Yahoo Answers cannot give you legal advice that is specific to your case, because we don't have all the information or paperwork. You need to consult an attorney near you to go in and talk to. If you have a decent sized trust fund and it is rightfully yours, an attorney would most likely be glad to help.Claude Said:
Is it legal to drain your child's trust fund?We Answered:
No they cannot. That is the whole purpose of a trust fund. Usually they are managed by an attorney who will disburse funds when the child becomes of age.