Life Insurance Policy--what happens if one dies before the other

Since you indicated that the ill man is in no condition to change the beneficiary designation on the life insurance policy, you must look to the...

If someone pays you rent and they pay every two weeks and stay till the 3rd week are they required to pay last payment of month

If you have a month to month agreement, the tenant is responsible for the rent for that month. Depending on the notice requirement, if you have a...

Hi...is a multiple year lease legal in NJ? Thanks, Lynda Z

Lynda, If the lease permits you to sublease, you a can try a find someone else who will rent the subject property. However, this could be risky...

Must their debt be paid from the insurance policy of the person that died?

The answer to your question depends on whether the life insurance policy had a designated beneficiary or not at the time of the decedent's death. ...

Ok to replace a door with different color/style as the other units in the condominium?

Your master deed should define whether your door is owned by you or whether it is a common element. If the door is owned directly by you, and...

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I was given a mortgage mod 1.5 years ago for 10 years, 5% int, interest only payments. The payments have recently become to much

If you had received a very low interest rate that was fixed for thirty years, more than likely you would not be able to get another modification...

I don't have any friends or family or even acquaintances. Who can I appoint as executor to my will?

I am sorry to hear of your health condition. You may want to consider appointing a financial manager, CPA or attorney as executor/executrix. You...

Renunciation means giving up, or renouncing, your right to something. Interestingly enough, it is not uncommon for an individual named in a Will to...

I have a multi family (4 units) investment and it is becoming very hard every month to make payments.

Unless your lender on the multi-family is going to reduce the principal on the investment property as well as your monthly payment, it may be best...

Am I responsible for mother's debts after she passes?

You are not personally responsible for your mother’s debts. However, you are responsible as the executor to pay all the estate debts and not...