The short answer is no! But, you must proceed correctly and carefully. There are further details that would be relevant here, such as, how does he...

Does the requirements of a trust exist after trust is dissolved?

A review of the trust and dissolution documents would be required to give a proper response to this question. Unfortunately, the facts above leave...

If your father designated your mother as beneficiary on the bonds during their marriage, then the divorce effectively voided that designation and...

In addition to the issues that attorneys Weinman and Screwvala pointed out, if you are a senior citizen and have transferred your home to your...

New York State Real Property Tax Law, section 467, gives local municipalities and school districts the option to reduce property taxes paid by...

Often starting a conversation about estate planning is difficult between parents and children. You are fortunate to have parents that are both...

I am on a life estate with my father he is the life estate if i die before he does can medicaid take the house

A life estate deed legally transfers the title of a property to a "remainderman" after the lifetime of the individual holding a "life estate",...

Seeking legal guidance on how to manage an estate's financial assets

You are wise to seek guidance to ensure that you are handling the estate administration properly. It is important to follow all legal and...

Can a child inherit spouses portion of estate?

One good way to handle this would be for your mom to establish a trust in her will. This would allow her to distribute her estate to your dad, but...

Can i get medicade?

There are several means of eligibility for Medicare. Some of the ways one is eligible for Medicare are as follows: (1) you are age 65 or older and...