Archived
My mother passed away in 2001, no will. She and my stepfather were married 25 yrs. and she added his name to house (deed).
Cheryl's answer
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Answered on March 28, 2011
Unfortunately, when your mother added her husband's name to the property, it became his property at her death. The only way you will legally...
Archived
We inherited $42,000 (our share) from his MOM (deceased) cash. Is it taxable?
Cheryl's answer
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Answered on March 27, 2011
If you inherited assets which are not subject to tax, such as retirement assets, and the estate was not subject to estate taxes for the year of...
Archived
What happens to an estate in the event of a death without a will and there is debt owed
Cheryl's answer
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Answered on March 27, 2011
If there is debt and a creditor wants to be paid, and no one comes forward to handle the estate, a administrator may be appointed by the court to...
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My mom passed away in North Carolina. She did have a living will. My son is the beneficiary of her living trust and my uncle is
Cheryl's answer
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Answered on March 22, 2011
I'm sorry about your loss. Usually the trust has a provision regarding personal assets. Sometimes the Trustee is authorized to distribute or sell...
Archived
No results matched your search for My mothers home is subject to medicad recovery My husband and I kept her in our home for 10
Cheryl's answer
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Answered on February 15, 2011
There may be a solution if a family member lived in your mother's home and cared for her there for several years before she passed. It sounds like...
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My husband does not want me to remarry when he dies..he is afraid someone else will get his assets...how can we handle this?
Cheryl's answer
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Answered on February 10, 2011
Certain trusts have provisions that will accomplish this concern. The provisions state that if a spouse remarries a prenuptial agreement must be...
Archived
My father is deceased. My brother is the excexcutor of the estate. My father owes more than what the property is worth.
Cheryl's answer
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Answered on February 04, 2011
In NC, when your Father passed, his land vested in all of his heirs, not just the child who paid the mortgage. The mortgage also passed to all of...
Archived
If there is money left in probate and I am a surivior then why would I not be receiving any assets if I am in the will?
Cheryl's answer
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Answered on February 02, 2011
I'm not sure why you wouldn't be receiving anything. I believe a trip to an attorney might be prudent. With that said, a few thoughts come to mind...
Can I use land deeded to me in life estate as collateral while the tenants are still alive?
Cheryl's answer
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Answered on January 19, 2011
Most traditional mortgages would require signatures from all parties. Your grandparents may want to go ahead and gift you the property, since they...
Archived
My father has Alzheimer's. He has a fairly large net worth. How do we protect him?
Cheryl's answer
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Answered on January 08, 2011
See an elder law attorney immediately. The child with Dad's durable power of attorney controls Dad's assets. To get this child off of the POA...
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