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What should I know about 401k rollovers?
You should about the roll-over fees if any. The roll over fees could be a massive 20%. From what I know, a trustee to trustee rollover may prevent some of those fees.
What are the New York state stuatory trustee fees?
Irrevocble Trust
Will set up a trust but trust was not funded can the executor raid the estate to fund fees for himself as trustee?
No, he cannot. The offices of testamentary trustee and exutor are separate and distinct from one another even if the same person is to serve as both. Compensation for a trustee comes out of the funds in the trust for work done by the trustee on behalf of the trust. If the trust is unfunded, there are no assets out of which to pay fees to the trustee. Also, if the trust is unfunded then the trustee has done nothing to earn any trustee fees. Compensation of trustees and executors is governed by state laws, so it is important to check the laws of the state of probate for the details.
In a New Jersey Irrevocable Trust what guidelines exist regarding permissible Trustee fees In a Trust with say 1000000 of assets can the Trustee justify annual fees of 100000 Thanks.?
As with any trust, unless there is specific language in the trust concerning limiting fees, you can charge just about anything that you can justify. The only concerns are: 1. Will any "interested party" object to your fees. 2. Is your justification realistic and really justified. 3. Do you think a judge/court would agree with your position. Unfortunately, in many trusts, it all comes down to who is looking, who has the money and time to challenge the trustee, and how honest is the trustee.
What is New york state revocable trust trustee fees?
I guess what ever is agreed upon that a court would find reasonable.
What does cost of issuance mean?
typically they include (as they may apply) things like: trustee fees, escrow fees, bond counsel (for a tax opinion), disclosure counsel (for ongoing reporting of changes which would materially affect the bond holders), printing, study fees (feasability and the like), and accounting fees.
In Maryland can 401Ks be garnished for child support or college payments or attorney's fees?
401k's can be seized for child support. For college payments or attorney's fees, not likely.
How can you do a rollover to Roth IRA?
The safest and best way to do a rollover to a Roth IRA is to do a direct rollover. You will need to know where it is being rolled over to and have the check written directly from one trustee to the next trustee. This will allow the money to be transferred with no withdrawal fees.
Is a trustee responsible for payment maintenance fees on a vacation timeshare before it can be sold?
All the fees have to be covered before a timeshare can be sold. Or they can be taken out from the sale proceeds. But if your asking is it a trustees personal obligation, NO. It's one of many things the trustee must do for the trust. As a trustee you must maintain and keep up all obligations of the trust and it's assets, not letting them deteriorate by neglect, etc. . Just like you'd make sure the lawn was mowed on a house or have the car washed that the trust may be marketing. Presumably, the timeshare is one of the trust assets. I don't think that it is the personal responsibility of the trustee. But a trustee must also do in any way possible to keep up the obligations of the asset. It is the responsibility of the trustee to check for the thrust and it's assets. If that's what you men by responsibility.
How do you file a chapter 13 voluntary dismissal in Maryland?
There is paperwork to fill out and a judge has to approve the dismissal. You can submit it to the trustee or judge in charge of your bankruptcy. If you have an attorney, the attorney can do this for you.
Why must the trustee of an irrevocable insurance trust make the premium payment?
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
Are foreclosure fees tax deductible?
The answer depends on who paid the foreclosure expenses (bank, owner, trustee, beneficiary) and what the fee is. Need more information. It is always best to check with an accountant or certified public accountant (CPA) on tax deductibility of foreclosure fees.
