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Gregory Christopher Poulos
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Claimed Lawyer ProfileQ&AResponsive Law
Biography
Greg counsels clients on the best strategies for accomplishing their estate planning and business goals. Greg starts by “Putting His Clients at Legal Ease” so that they understand the legal issues and risks they face. He does this so his client understand their circumstances and can make better informed choices to protect their assets and their loved ones. With 30+ years experience, Greg has counseled hundreds of clients, guiding them through their legal and business issues.
Education
- Brooklyn Law School
- J.D. | Law
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- New York University
- B.A. | Economics; Philosophy
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- New York University
- MBA | Accounting
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Professional Associations
- New York State Bar # 1909290
- Member
- - Current
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Jurisdictions Admitted to Practice
- Arizona
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- New York
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Fees
- Free Consultation
- Credit Cards Accepted
Practice Areas
- Estate Planning
- Guardianship & Conservatorship Estate Administration, Health Care Directives, Trusts, Wills
- Probate
- Probate Administration, Probate Litigation, Will Contests
- Business Law
- Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes
- Elder Law
Languages
- English: Spoken, Written
Legal Answers
- Q. Parent passed away. Trust states to divide assets amongst children. There are debts.
- A: Whether the estate is trust based or will based, the estate is responsible for payments of any debts against the estate. If creditors are known they must be paid unless there is some basis to question them. Additional notice to creditors needs to be published to notify other creditors.
Distributions cannot take place until the estate is settled.
- Q. I had to let a few of my credit cards go, would it be best to form an LLC to protect my assets?
- A: It would provide no benefit at all. In fact, trying to move your assets when in this type of situation is likely to be considered a fraudulent conveyance. In Arizona, those laws can apply both civil and criminal penalties. There are also fraudulent conveyance statutes under the bankruptcy laws.
You may wish to consult a bankruptcy attorney if you are in financial difficulties.
I hope things work out for you.
- Q. What form do I fill out and submit to court for removal and replacement of trustee
- A: Unless there is some reason to submit anything to court, such as an ongoing case, there is no reason to submit anything to court. Trust administration is private.
You will need a new certificate of trust naming you as the trustee and if on consent an affidavit from the prior trustee authorizing their removal and your replacement as trustee.
An attorney should be able to easily assist you with this so that it is done properly.
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