Does a beneficiery of a life insurance policy have to pay a percentage once the person passes?

I am not sure why you were told this. Here is what could happen in Ohio. If there is a beneficiary named on the life insurance policy, the...

Can executrix be forced to probate estate

I agree with the previous answer. The Ohio statute indicates that the Will "must" be filed when someone dies, and the court can force...

Could I lose the house I live in if my father goes on Medicare?

I do practice Medicaid planning in Ohio. As previously noted, Medicaid planning is very complicated. Here are some general answers, but without...

I had a will written by an attorney, and now I want to change it. Can I do this myself and sign before two witnesses?

Changes made within the body of a Will are NOT effective. The only way to change to a Will is to sign a documents called a Codicil or sign a new...

What are the steps that are taken for insurance to pay on a deceased person with no beneficiary or a will?

When a person dies without a Will, normally the state in which he resides has written a will for them in the Probate statutes. That will direct...

The rightful heirs to the assets are set forth in the state's Probate statute, in Ohio called the Statute of Descent and Distribution. The statute...

How do I go about helping my dad to get him home from a elderly home?

Your situation is very hard. As power of attorney, your father has granted her authority to take care of his affairs. If she has a Financial...

How can we protect my grandmother's home if an event of having to enter a nursing home?

You and your husband will receive the home as long as your grandmother left it to you in her will, or has titled the house in such a way that it...

Procedure for seeking guardianship of 14 year old who recently lost both parents

The general procedure is that the Probate Court of the county in which the child resides is the entity that will determine the guardian who is...

Annual Gift Tax Exclusion

Under federal law, each adult person can make a gift up to $12,000 (up to $13,000 in 2009) per person per year without incurring any gift tax...