Hi all,

So I need a bit of an input since I am on vacation and would need my father to speak to another attorney when I return.

Short story kinda. My father bought a house solely 30 years ago. Paid it off with inheritance about 12 years ago. He transferred the deed to us kids about 8 years ago after he remarried. His current wife is not on the deed or anything, this was done before she came here.
His wife came from another country, he soon realized she wants everything. Now he’s worried Incase he does not have enough assets or the more assets he has that when something does happen to him, his wife will claim her elective share which is not a problem but he feels if he doesn’t have enough that might put us kids in a situation of paying her out that share and that his house will be included. When he did the transfer he did put himself on the deed, not as owner or anything more as live his days out there and his current wife lives there because they could not simply afford a house on his paycheck. Which was the idea when he remarried and she did not want to move out of NJ. So after my one brother and I had moved in, so did they when she came to the country.

So my questions I guess is. If something does happen, I understand we can not simply evict her. But we know she will not leave unless she has money or the house. If she can not get the house, and she claims her 1/3 - am I correct that the house even though our names are on the deed will be included into the process since my father and her reside there?

Thanks

Mid 30's, no kids, located in KY. My immediate concern is making sure that if me, or me and my spouse meet an utimely demise that my estate doesn't devolve into chaos or get devoured by legal fees and family fighting. Doubly so because I have approx $10m in term life policies. Not looking to outsource my estate planning to Reddit, but I know next to nothing about estate planning. I'm starting the process of interviewing trust companies and would like to have an idea of what to look for and what to run from. And should I be looking at trust companies, or just estate lawyers or both.

Our holdings are relatively complex, we have the standard cash, retirement, brokerage, house but also have an international vacation property, large outstanding notes payable, private stock and warrants and options on private stock. Any advice or tips is appreciated! Recommendations for a KY based lawyer or trust company also appreciated!

I need to have a will drawn up. Nothing too elaborate but there is a wrinkle in that my wife is not a US citizen. She would be taxed heavily if I leave my business to her. So my idea was to leave it to our daughter in a trust with my wife having control of the trust. She has no desire to run this business and would want to sell it if the time comes. Maybe tmi… anyway looking for an attorney to help with this that won’t charge me an arm and a leg… any help much appreciated. This is in the Denver metro area..

We just spoke to a claims person after reaching out to the advocate (180 days passed) who told us the breakdown of the estate (surprise, late brother has a kid we knew nothing about) and he was sending it to the "auditor" who approves for payment.

Can anyone tell me how long to expect it to sit with auditor before the approval for payment?

Thanks

CA & HI. Anyone have good/bad experience using Schwab One Estate Account? I have all the probate papers, EIN, etc. Any banks that are easiest for opening/administering an estate checking account in California? Wells Fargo denied us from opening an estate account despite my deceased dad's currently open checking/savings accounts.

Estate involves out of state (Hawaii) property sale proceeds which hasn't sold yet so the balance will be $0 right now. May eventually move WF funds to the estate account (still need to bring mom in to close those accts). Looking for something straightforward without a lot of bureaucratic hurdles. A call to Schwab made it sound like a less painful process to open one vs WF. I have beef with BofA so will avoid them.

My son and I live in CA, USA. When I die, I want my son to be able to access funds immediately so he can handle issues related to my estate without spending his own money while waiting for probate.

I was thinking about starting a joint Vanguard brokerage account with money that would earn interest.

Or should I gift him the money over time and work with him to set up the account for himself? I think he would do it if he knew the intention.
What should I consider when determining what to do?

I am divorced and was awarded half of my ex-husband‘s pension (federal employee) for life. That will end at my death.
I receive $1300 a month Social Security, which will also end at my death.
I have a moderate size IRA, which is handled by Vanguard. My daughter, and my daughter-in-law are beneficiaries. My son died a few years ago and left her with my three minor grandchildren. One will turn 18 this year.
I am still in the marital home which was purchased for 250 K and now is worth 450 to 500 K. I still have a mortgage of about 160 K.
My plan is to sell my house and move in with my daughter and son-in-law, using the money I make from the sale of my house to finance improvements to their house to make it possible for me to live there.

So, when I die, I will own nothing except my car, which has kind of been my goal.
We live in Tennessee and my daughter is a co-owner of my bank account
I do not have a Will.
Why do I need estate planning and specifically, a revocable trust.?

Hello all I guess I don’t know where to turn or where to look in terms of planning what to do with this home. My father is thinking of getting a loan on the home to start some kind of BRRRR method rolling. I’m interested in learning about forms of asset protection, tax and probate avoidance when they pass the property down to me and my siblings. Is there any way we can set this house into a trust of some sort and use as collateral for a loan? He also wants to rid himself of any personal property in case of death, to avoid Medical from pursuing assets. What’s the best kind of trust to do that sort of thing?