Cory Randle Lancaster’s Answers

Cory Randle Lancaster

Tupelo Estate Planning Attorney.

Contributor Level 3
  1. CAN i MAKE OUT A LIVING TRUST MYSELF TO LEAVE PROPERTY TO A MEMBER OF FAMILY??

    Answered 5 months ago.

    1. Cory Randle Lancaster
    2. Tabatha Mccall Stern
    3. Joseph Franklin Pippen Jr.
    3 lawyer answers

    It is legal if it is done properly. Though, in theory, there are a lot of things you can do yourself such as your own dentistry. With dentistry, you will most likely know immediately if you did it wrong. The problem with do it yourself estate planning is that you will never know if you did it right. Leaving a mess behind for your family to cleanup is often times more costly than obtaining legal counsel to do your estate planning properly.

    3 lawyers agreed with this answer

  2. Does payable upon death override a will ?

    Answered 6 months ago.

    1. Alan James Brinkmeier
    2. Tabatha Mccall Stern
    3. Cory Randle Lancaster
    4. Joseph Franklin Pippen Jr.
    4 lawyer answers

    Yes, the POD takes priority over the will.

    1 lawyer agreed with this answer

  3. My wife is co owner of several cds with her mother. Our concerns are listed in the details below.

    Answered over 2 years ago.

    1. Cory Randle Lancaster
    2. Joseph M. Masiuk
    2 lawyer answers

    Right now, your wife will become the owner of the cds at her mother's death. Thereafter, unless your wife changes the POD designation, her three brothers would inherit the cds at your wife's death. Your wife's name should be removed as a co-owner of the cds. All four children's names should be added as the POD designation. Your wife should get named as power of attorney for your mother so that your wife can access the cds if medical bills need to be paid.

    1 lawyer agreed with this answer

  4. Can my lawyer shoe my mom out of our case?

    Answered over 2 years ago.

    1. L Christopher Arvin
    2. Cory Randle Lancaster
    3. Steven J. Fromm
    3 lawyer answers

    I am licensed in MS. Generally speaking, the attorney should answer to the executor/administrator as the executor is the attorney's client. An estate administration should have been filed in the county where your father died. You can contact the county's chancery clerk and obtain copies (probably for an additional fee) of the documents filed in the estate as they are public record. This will give you a good starting point. Cory

    1 lawyer agreed with this answer

  5. Will my sisters daughter get my sisters percentage of land she inherited from our mother.

    Answered 6 months ago.

    1. Tabatha Mccall Stern
    2. Cory Randle Lancaster
    2 lawyer answers

    The title on the property should be reviewed. The title will have first priority in determining who receives the land. If the title does not specify, the land along with the personal property will be distributed under the terms of the will. Most likely, the will will state that your sister's children receive her share or that your sister's share be distributed to someone else. There are several possibilities but these are just a few of the more common scenarios.

  6. Can I give my girlfriend right to live in home after I die?

    Answered 6 months ago.

    1. Randall Ryan Saxton
    2. Tabatha Mccall Stern
    3. Cory Randle Lancaster
    3 lawyer answers

    A life estate is a good option. It would give her the ability to live in the home for the remainder of her life. After her death, the home would pass to your children. However, it does not address the issue of what would happen if she moved out or got remarried. I understand that a remarriage would hurt her income but these things do happen. If these issues are a concern, you may want more detailed instructions that address these and other potential concerns spelled out in a testamentary trust.