Question: Is it fair for a family member acting as trustee and property manager to charge the same fees as professionals, considering the potential conflicts of interest and lack of experience in handling complex legal and financial matters? Response: Usually not for a number of reasons. First, there are the ones you cite, potential conflicts […]

Question: My stepmother has a life estate for our family farmland. She is 85.6 this month. My three sisters and I are hold the remainder ownership. A company wishes to purchase the land for $5,584,000. We are trying to determine what the value of her life estate would be in order to offer a sale’s […]

Question: My mother established a nominee trust in 2005 when she was living at the time in Massachusetts. She placed my bother as the trustee. At the same time she established a revocable trustand the property in question was placed in the trust. That property is in Florida. The schedule of beneficiaries for the nominee […]