I had a will written up by a lawyer 3 years ago (who no longer practices law) and I need to make a minor adjustment to the amount of money that I am leaving one of my kids as I gave one of them some of their inheritance early. I am thinking ab...
If it is a minor change, you may do an amendment called a codicil. If there are many changes, then I recommend redoing it.See question
My grandfather passed away in 2010 and had no will. My uncle became executive of his estate and wanted to sell his home that my mother was residing in before and after my grandfathers death. The house is now vacant and the city has deemed the prop...
You may certainly seek to have him removed. The executor must act timely and correctly.See question
I am the only beneficiary on this policy and was married to my husband when first premium was paid first payment was 11/2002. My husband died 3/10/2014. Globe Life Ins. is giving me the run around I have called numerous times. I am a NJ resident.
Absolutely. You are entitled to it.See question
Stepdad died two years before that, mother inherited his 50% of house so there is a inheritance tax that never got paid. Want to put deed in my name what do I do???
Yes, unfortunately you still have to open an estate.See question
My mother had a stroke and is unable to drive. She is also unable to transfer from her wheelchair into a car seat. In order continue enjoying participation in church and family events, and to get to some doctors appointments, she needs access to ...
It should not interefere with it since an aoutmobile is an exempt resource.
I keep the car in your mothers name with you listed as only driver for insurance purposes so that a gift is not made that would create a penalty.
My father has end-stage cancer.I am an only child. I have medical POA, but he refuses to give POA.I'm the only one mentioned in the will. He did leave his "lady friend" a large sum of money - $94K, however, they have never lived together or marrie...
I am so sorry to hear about your Dad. I too have gone through this.
Since you have his Medical POA, you can make medical decisions. But unfortunately, you do not have any power over the financial matters for your Dad right now.
A question that I have is, has a determination as to your Dad's mental capacity in order to make a POA now been made? If your father is incapacitated, but he knows who you are, and how much money he has, he may be capable to sign a POA. He of course, has to want you to act in that capacity. If not, then you will have to file for a Guardianship or Conservatorship in which the Court appoints someone to handle his financial matters in lieu of a POA. Then you can handle his finances and possibly change beneficairy designations.
Good luck with your Dad.
Have always taken care of my mothers business since my father is gone. She has been in a nursing home almost 10 years. Her bank account will be exhaused in another 4 months. Can she pay for me taking care of her business and how much would be a...
Generally you can do this. You may be paid to provide services to your mother. We recommend a formalized plan to legitamize these payments. More than likely you will have to pay income tax on these payments. Retro-active compensation is generally not available. The rule of thumb for the amount of compensation is what the going rate is for similar services in your area.See question