Sunday, March 2, 2014
Where can you view rims on cars?
tirerack.com has an online tire simulator that you can enter your type of vehicle and see alot of different sizes and styles and what they would look like on your vehicle.
What makes a living trust inoperative? invalid? How can a trust fail? Does removing real estate property from the trust make a trust fail? T...
What makes a living trust inoperative? invalid? How can a trust fail? Does removing real estate property from the trust make a trust fail? Thank you
Answer
A trust does not fail because you take real property out of it. If that property was the bulk of the estate, it may be an under or unfunded trust but the transfer of property out of it does not negate all that was done to establish the trust.
Answer
The biggest mistake or "failure" of trust that I see in my practice is the failure of the client to put assets into the trust. The prior answer is technically correct because a trust that only transfers 10% of a decedent's assets on death has not failed in a legal sense but it has failed to avoid the probate of the remaining 90% of the assets and probably the reason for the trust in the first place was to avoid the expense and time delay and invasion of privacy of probate.
When a client hires an attorney to write a trust, the client should be aware that there are different levels of service and different prices offered. At the "high end" a trust lawyer will charges thousands of dollars to write a trust and will transfer all assets into the trust and call the client back for an annual consulation and charge for it. The more economical approach is the one I follow with my Nevada clients. I charge $675 to write a trust and all associated documents (such as pour over wills, health care powers of attorney, and deed transferring the residence into the trust) but at that price I only transfer Nevada real estate into the trust. The client must contact his or her bank and brokerage and transfer those assets. Plus, if the client subsequently buys a rental property or timeshare the client must remember my instructions to take title in the name of the trust.
With my low cost trusts I serve clients who mainly have less than a million dollars in assets and want a low cost alternative to probate wihout spending a lot.
Another issue is tax planning. In a practical sense a trust "fails" if it fails to help the client and his or her beneficiaries get maximum tax savings with respect to state and federal death taxes. In Nevada we don't have state death taxes and currently the federal estate tax has a $5,000,000 exemption so this is not an issue for my clients.
In summary, a client needs to determine the purpose of a trust. We have touched on just a few here. Then the client can find an attorney to meet those goals at a reasonable price. I discuss trusts more at my website, www.probatenevada.net
Answer
I disagree with Ms. Johnson. If the only property in the trust was real property, and is removed from the trust, then the trust fails as a matter of law. A trust with other property remaining in it, will not fail, but if the trust has no property, it is not a trust.
How can a rainy day be enjoyed?
1.) Running around outside in it. 2.) Sitting outside watching it. 3.) listening to it. 4.) Get all cozy and watch a movie! There's tons of ways to enjoy a rainy day. Use your imagination! :)
What is the opposite of instrumental not lyrics but the actual audio?
accapella
Saturday, March 1, 2014
Real Estate Question- Two men approached my home and stated that they have bought the house. However, the house was never put up for sale. H...
Real Estate Question- Two men approached my home and stated that they have bought the house. However, the house was never put up for sale. He said he bought the house next door and this one at 1394 Eastern Parkway, Brooklyn, New York. I went to the District Council Office and they said that the house is listed as my mother's Norma Armstrong. If he approches me again, where can I find a lawyer? I would need legal aid help.
Answer
If he shows up again, call the police.
Answer
Since you are in New York City, you can see the deed to your house online. Go to, http://a836-acris.nyc.gov/Scripts/Coverpage.dll/index.
Mike.
My son's father and I are splitting up and worked out most of the arrangements between us. (Visitation, holidays etc) I would like a lawyer ...
My son's father and I are splitting up and worked out most of the arrangements between us. (Visitation, holidays etc) I would like a lawyer to review before we file in court to make sure they we did not miss anything. Can a lawyer represent both sides in a mediation? We are trying to make this as easy and cost effective as possible. Neither of us has alot of money to spend on lawyers.
Answer
Yes. That is possible. Call us anytime at 732/773/2768
Answer
No a lawyer should not represent both sides in a mediation.Cal my offfice to set up an appointment.
Answer
Can a lawyer represent both sides and mediate? Yes, but I do not think that is smart. I can explain why. I often represent one side and the other side does NOT have a lawyer because it is too expensive. I can explain how I handle this, to get the people divorced with as little attorney's fees as possible. I am good at it, too!
Robert Davies, Esq.
201 820 3460
Hi,I live in NJ and am currently under contract to buy a home. During the inspection, the inspection found 6 issues that he said point to th...
Hi,
I live in NJ and am currently under contract to buy a home. During the inspection, the inspection found 6 issues that he said point to their being a stucco problem. We've requested a stranded stucco inspection however, the sellers will only allow an infrared stucco inspection, which are highly inaccurate. The stucco inspection found, "Moisture stains and rot was noted at several areas of the band joist", he said this should be checked out during the stucco inspection.
I don't want to lose this house, but if they won't allow us to do a proper stucco inspection, we're going to leave. What kind of legal action do I have to ensure I don't lose my deposit?
Answer
If you are still within your inspection contingency, depending on how it is worded, you probably have the right to cancel the contract and get back your deposit. If there are Realtors, the Buyers Realtor should be assisting you in this. If is foolish to hold out for a particular type of inspection when the sellers won't agree to it and you already have evidence that there is a serious stucco issue. If you also have an attorney representing you, s/he is probably also advising you to take advantage of any contingency right you have to cancel the contract.
Canceling within the contingency period is the only action that will ensure your getting your deposit back. You have to do exactly as the contract provides - written notice to the proper parties, delivered in the proper manner within the time provided.
Don't waste time looking for other answers. Consult a real estate lawyer in your area immediately if you don't have one.
THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.
* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.
* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.
Answer
i am not anywhere near you, so i can not assist you.
however, there have been big and expensive problems with specific types of stucco.
you need to be really careful before you buy this house.
get a smart lawyer on this now, and follow the lawyer's advice.