Archived
I own 3 condo properties across United States (2 investment and 1 principal), is it worth it to put them into separate LLCs?
Lorraine's answer
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Answered on May 09, 2014
You have said these are investment properties so I am assuming that means you rent them out. Keeping them in your own name means if someone gets...
Archived
How can a person get their fair share of a home when being bought out? When the part owner won't take out a mortgage.
Lorraine's answer
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Answered on May 09, 2014
This is one of those unfortunate family problems that come up all the time. Your legal solution is to force a sale of the property and then you...
Can this first broker sue me?
Lorraine's answer
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Answered on May 09, 2014
Your strongest argument against the first broker is that she breached the contract with you by not following up; not answering your calls and not...
Archived
I'm probating a will and issuing a Citation. Is counsel necessary at this particular event?
Lorraine's answer
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Answered on May 09, 2014
Will challenges can be very expensive. You have to weigh the cost of a will challenge both in terms of the cost of an attorney and the possibility...
Archived
Sister passed away; no will; left a co-op w/ equity; Mgmt says I am responsible for maintenance fees until probate is complete.
Lorraine's answer
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Answered on May 09, 2014
This issue comes up a lot. There are two sections of the law that apply - Estates Powers & Trusts Law section 3-3.6 and Surrogate Court Procedures...
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Archived
We were left monies in our fathers will we don't know how much can we ask the lawyer that is handling the will
Lorraine's answer
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Answered on May 09, 2014
There is no requirement for an accounting initially because often the executor/attorney does not know how much there is. However, when the...
Archived
Mother's Will Still Valid if Living in Nursing Home on Medicaid?
Lorraine's answer
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Answered on May 08, 2014
When the house was sold the money should have gone into your mother's account and not a joint account. Who authorized the joint account? If your...
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Archived
How much is probate when a person passes and there is a will on a co-op.?
Lorraine's answer
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Answered on May 08, 2014
Fees vary - if the co-op is owned jointly you will not have to probate. The corporation will just transfer title. If the co-op is owned solely by...
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