Q: In regards to revocable living trusts where each spouse is the trustee for the other spouse's trust, what must be done when one spouse dies and when the second spouse dies? Is there anything of a legal nature?
Q: Why would my accountant tell me that my inheritance would be subject to income tax? I thought it was only subject to inheritance tax.
Q: Are attorneys required to give a free consultation when discussing estate planning?
Q: I was wondering what is to keep someone who has money in an account that they wish to leave to a non-relative, from changing that person from primary beneficiary to co-owner? Wouldn't this solve the tax problem?
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