I have questions regarding drawing up a Lady Bird Deed naming my two sons as beneficiaries. I am the single owner.
David's answer
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Answered on March 21, 2014
Any notary can sign, but I have not seen a "form" the decision to do a Lady Bird Deed is one that needs to be carefully evaluated, and if they are...
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Can guardians cash in Payable on Death CD's valued at $100K if not needed for expenses. This effects distrtibution post-death.
David's answer
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Answered on March 21, 2014
Depending on what powers the guardian is granted will determine the if they have the power to deal with financial assets. If the guardian is a...
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Does a 30 year old daughter have any rights to Her fathers estate who has remarried for 20 years
David's answer
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Answered on March 20, 2014
Depends on how the condo was owned. Probably wife of father will be the owner if the home was owned by husband and wife. If not she will probably...
What is a petition to determine homestead status of real property?
David's answer
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Answered on March 20, 2014
A petition to determine homestead status of real property is a way of clearing the title on property. If the house is homestead it is not subject...
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What does "DENIED. PLTF. MTN TO CANCEL SALE DUE TO PRIOR NFC" means?
David's answer
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Answered on March 18, 2014
Looks like your home is going to be sold. The court denied your motion to cancel the sale. You should meet with a bankruptcy lawyer to see if they...
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Does an inheritance of $38,000 from a parent get taxed?
David's answer
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Answered on March 18, 2014
While Florida does not have any inheritance or estate tax and the amount would not be subject to estate taxes, your friend will need to check with...
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Which is better irrevocable trust or revocable trust?
David's answer
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Answered on March 17, 2014
A revocable trust will not protect your money and stocks from a nursing home. An irrevocable trust can be structured to do so but you need to...
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We NJ residents 7mos yr; FL 5 mos yr. Have condos in NJ/FL. Have JTWROS bank, broker accounts in NJ/FL. We need Wills in NJ/FL?
David's answer
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Answered on March 17, 2014
While the properties will go to the surviving spouse as you have described, a will might be necessary to determine who receives the property after...
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My spouse died & our revocable trust had the deed to 2nd home in NC included, but mortgage was not.
David's answer
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Answered on March 17, 2014
You will have to contact the bank and provide them a death certificate.
Archived
Is a land trust the right solution?
David's answer
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Answered on March 13, 2014
There are several options to avoid probate. Some are far more expensive than others because of document stamp taxes that may be due with the change...