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You can file a petition with the probate court to modify or terminate an irrevocable trust with the consent of the settlor and all of the beneficiaries, or with the consent of all of the beneficiaries ...Read more

Dear Sir,   Assuming this is an irrevocable trust (Settlor has died), Trustees are required to advise qualified beneficiaries of the trust and, upon request, to provide them copies w/i 60 ...Read more

If the trust is revocable, it can be revoked by the settlor.  If an attorney-in-fact has the authority under a power of attorney, then that agent can act for him. If the trust is irrevocable, it ...Read more

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Can I Make Mom Pay for College from Dad’s Life Insurance?

Dear Ms. Allison: How can I make my mom pay for my college with my dad’s life insurance money? They’ve been divorced for 17 years and he died 2 years ago. Now that I’m 21, she won&#8 ... Read more

Whate do I do with the 1099-S from the sale of deceased mom’s home.

Q: The county valued the house at $131,100 and it sold for $129,900. Doesn’t this count as a loss and therefore not income? A: Form 1099-S is used to report gross proceeds from the sale and exch ... Read more

Why is a law firm requesting to become administrator of my deceased son’s

Q: My son had an accident he was at fault for and died. He only had liability insurance. A lawyer for the occupants of vehicle he hit want to be administrator of his estate. He has no estate. The peti ... Read more

What happens when one heir is bequeathed the title of a house and another h

Q: My grandmother recently passed away. My grandfather passed away a few years ago and my mother, also the executor of her will, is her only child and has always lived with my grandmother in her house ... Read more

Can a child opt out of their parents will?

Q: Once said parents are deceased, can a child decide not to be included in the will? (Baden, PA) A: Parents are free to include whoever they wish in their will. Once a will is probated, an heir named ... Read more

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