Archived
I just inherited a home and wish to put it in a trust for my kids, but I have a lot of personal debt. Will this avoid creditors?
Lawrence's answer
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Answered on September 20, 2012
Certain kinds of foreign trusts can sometimes protect assets against obligations but trusts in U.S. states even asset protection trusts don't...
Archived
How do I remove sister's name from house
Lawrence's answer
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Answered on September 20, 2012
You cannot terminate your sister's ownership unless she voluntarily gives it up or you get a court order. Depending on circumstances, your sister...
Archived
How do I protect my IRA?
Lawrence's answer
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Answered on September 20, 2012
Protect against what? If you have personal liability for a deficiency, the lender can come after you personally but often times they won't or they...
Archived
Mortgage..house shopping!
Lawrence's answer
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Answered on September 20, 2012
Lenders usually want to see sufficient income to service a mortgage. Investment income couild service a mortgage, but I doubt you'd earn enough at...
Are POD cd's subject to NJ Estate tax? Are they included in determining the value of the Estate? Is there an exclusion for 2012?
Lawrence's answer
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Answered on September 20, 2012
Too bad your mom used do it yourself estate planning instead of consulting a trusts and estates lawyer. While, various options are available to...
Archived
Is an estate liable for continued payment of a dental treatment plan in progress?
Lawrence's answer
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Answered on September 20, 2012
A decedent's estate is liable for the decedent's obligations. Therefore, if the dentist could enforce the claim against the decedent if still...
Archived
I own vacation home with father in law, hows prpoety divided upon his death?
Lawrence's answer
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Answered on September 20, 2012
I agree with Tom Begley. If you want a local lawyer, I'm just down the road from Annandale in Bridgewater, but if the property is in SC, it may...
Archived
Great Grandparents had a Trust to be left to my Grandmother upon her death to be divided among the remaining surviving children.
Lawrence's answer
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Answered on September 20, 2012
NJ law would permit a trust under a decedent's will to leave your mom's share to her children if your mom predeceases termination of the trust or...
According to the State of New Jersey Regarding a married couples I.R.A.
Lawrence's answer
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Answered on September 20, 2012
An IRA passes to the beneficiary named on an IRA beneficiary form or the default beneficiary per the contract. Thus, spouse has no automatic right...
How do I prosecute a credit card fraud case for an elderly parent?
Lawrence's answer
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Answered on September 20, 2012
Prosecutions are criminal and require a referral from police or adult protective services to prosecutor. You can try to get the police involved...
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