Ask a Wills, Trusts, Probate Lawyer

How best to deal with estate assets if there is no Will?

I am so sorry for your loss.  What you would apply to the courts …

FreeAdvice Contributing Attorney answered 2 years ago

How do you legally revoke a Will?

A will or any part thereof can be revoked: (1) By a subsequent Will which revokes …

FreeAdvice Contributing Attorney answered 2 years ago

In the event of my death, will my spouse have access to an account solely in my name?

Yes, it will be frozen (depending on the amount) and only a court appointed …

FreeAdvice Contributing Attorney answered 2 years ago

Can a revocable trust be created wherein trustor, trustee and beneficiary are one in the same individual/entity?

No.  You'd have a complete merger of interests.  The only function of a "trust" …

FreeAdvice Contributing Attorney answered 2 years ago

Upon creation, will a revocable trust automatically assume the same tax exempt status as that of its creator which is an exempt entity?

A revocable trust has the tax status it is meant to have (most likely …

FreeAdvice Contributing Attorney answered 2 years ago