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Jeffrey Peters Coleman

Jeffrey Coleman’s Answers

6 total

  • My questions concerns living trust

    Jeffrey’s Answer

    I would agree with the comments, above; however, you should be aware that some of these issues will be governed by Michigan law since that is the choice of Law that applies. You may want to get with a Michigan Lawyer to clarify these issues..

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  • My mother made a will left my wife as PR then changed it 2 months later and left her Neighbors as the PR what happens if they

    Jeffrey’s Answer

    Certainly, your mother is entitled to designate persons she thinks are qualified to serve as PR. Perhaps those who are designated may not wish to serve. Review of the will and the order of preference are appropriate.

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  • Lady Bird Deed and subsequent Quit Claim Deed

    Jeffrey’s Answer

    So called Lady Bird Deeds can cause unintended troubles. The specific language of the Lady Bird Deed may control this analysis. There are also factual circumstances related to these troublesome instruments. In order for a deed to be effective it must generally be executed and delivered. The recording of a deed is the way we lawyers put the world on notice of the deed, but while recordation is important to that notice it is not dispositive of the validity of the instrument. This question needs to be addressed by a lawyer. If not, persons may have a real estate closing blow up at the closing or refinance table.

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  • I would like my nephews who are overseas to inherit my properties in case i die.

    Jeffrey’s Answer

    A trust may be a good solution for you. After the trust is created you transfer your assets into the trust. The trust is revocable and changeable by you in the future including changing beneficiaries. It potentially has the benefit of avoidance of probate. In your discussions with an estate planning attorney you may also want to address what would happen if you became disabled. Many times that Issue can be addressed with powers of attorney.

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  • What authority or powers does a PR have when an estate gets 'administratively closed'?

    Jeffrey’s Answer

    • Selected as best answer

    I agree with the other lawyers comments; however, you state that the title of the real property is already in your name. That may mean that sufficient activity was accomplished in the estate to vest the title in your name. You need to obtain whatever written documentation is available to share with a lawyer. It is important to have your materials organized when you sit down with the lawyer. This will save you money every time. Regardless of what happens with the probate, you should understand that co-owning property where all the owners do not agree can be a real problem. It can mean additional litigation even after the probate is completed. You should also be aware that as an owner of the property you may have personal liability for someone injured on the property And so, being aware of the status of insurance on the property is another important consideration for you. The longer you wait to strengthen your resolve and address this problem the more money your opposition will have to fund the fight.

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  • How do I find a lawyer who specializes in investment fraud?

    Jeffrey’s Answer

    There is a national specialized bar association for investment fraud attorneys called the Public Investors Arbitration Bar Association (PIABA). It is comprised of attorneys that regularly represent folks in investment disputes. There are four Oregon members. You may want to check out their website and contact one of these attorneys.

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