As a spouse in this situation, should I elect against the will?

You should check with a probate attorney in your area, because if you elect against the will, you will get a percentage of the probate assets that...

Is it okay for an elderly person to gift money to a child to reduce savings so they can receive medicare or medicaid benefits.

For Medicare purposes, your assets are not relevant. For Medicaid, if you make gifts, it will cause you to be ineligble for a period of time...

What legal rights does my wife have to her mothers assets?

Unfortunately, unless the will is rejected because of lack of capacity, undue influence, or some other reason, it will stand. Does it contain a...

1. How can we decide what is the extend of my sister's POA good for? 2. How many different kinds of lawyers do we need?

You should consult your own lawyer and determine whether your sister's power of attorney is for financial or medical decisions or both. If it is...

Social security benefits for self employed

According to the Social Security website, "Self-employment income" that is creditable for Social Security is based on "net earnings from...

We want to transfer ownership of house to our son

You can deed it to him, which would be considered a gift. You would have to file a gift tax return, but unless you have made over $1 million in...

We want to transfer ownership of house to our son

You can deed it to him, which would be considered a gift. You would have to file a gift tax return, but unless you have made over $1 million in...

If he is receiving SS disability, the lawsuit settlement will not affect his benefits. Only his disability and his ability to work can affect his...

How do you contest a will that never went thru probate

You may have some rights, but they depend on whether you can prove your parentage (possibly through DNA testing or records your mother might have)....

My sister was attourney in fact before my mom passed

Generally, a power of attorney stops being effective when the person dies. Check with a local lawyer regarding your particular facts. Good...