Legal Question in Wills and Trusts in Arizona
Living trust and debts
I have a friend who has been diagnosed with terminal cancer and has only been given a very short time to live. He has no next of kin and wishes to designate my family the sole heirs to his property-mainly vehicles and tools, but no real estate or money. Is considering a living trust. He does not have insurance or money to pay for the medical bills. I do not want to inherit problems along with his few possessions. Just want to know how to proceed.
Asked on 3/02/08, 5:17 pm
1 Answer from Attorneys
Donald Scher
Donald T. Scher & Associates, P.C.
Re: Living trust and debts
If he truly wants you to have his personal property, he should transfer ownership of those items to you now, during his life time.
Answered on 3/02/08, 11:52 pm
Related Questions & Answers
-
Will Do I need to make a seperate will just for my LLC? Asked 3/01/08, 9:59 pm in United States Arizona Probate, Trusts, Wills & Estates
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
