Archived
My mom is sole owner of a business. She wants to make me 1% owner so I can have it upon her death. What is the ramification?
Michael's answer
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Answered on January 06, 2011
Given the high risk activity of your mother's business, your mother really needs to discuss these issues with a good business and estates attorney...
Archived
Can or should I challenge Power of Attorney in my Mother's will that was recently changed by by sister naming her sole executor?
Michael's answer
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Answered on January 06, 2011
The Power of Attorney relates to your mother while she is alive. Her Will can only take effect and be challenged after she dies.
Your sister...
Archived
Two of my sons are on government assitance because of medical conditions. I would like to set up an irrevocable trust upon my
Michael's answer
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Answered on January 06, 2011
Yes, you have the correct general idea.
Depending on the laws of your state in Georgia, you want to set up a special needs "comfort" trust, that...
Archived
My grandfather is unable to care for himself anymore and his wife (my grandmother) refuses to do anything for him but will not g
Michael's answer
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Answered on January 06, 2011
You should consider asking the local Probate Court to appoint a guardian and conservator to care for him and his estate.
You may also consider...
Archived
How to settle Ch 13 between landlord and tenant on commercial lease property?
Michael's answer
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Answered on January 06, 2011
If they do not work out a deal, or do not get a confirmed Chapter 13 plan, then the bankruptcy is likely to be dismissed or else converted to...
Archived
Should I contest a will?
Michael's answer
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Answered on January 06, 2011
It would be worth it to consult a local Probate and Estates attorney to review your mother's will and property.
The attorney can interpret it...
Archived
Do I need to go to court and become administrator/ executor of my late mother's estate? She passed in Dec as a 72-year retiree.
Michael's answer
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Answered on January 06, 2011
Under the Probate laws of most states, Probate Court is not going to be necessary for Life Insurance policies that name a specific person as the...
Archived
My father is the Executor of the Will for my aunt who recently passed. He is also the Trustee and Legal Guardian of her daughter
Michael's answer
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Answered on January 06, 2011
Your father really needs to hire an experienced estates attorney to help him.
He has to make sure the Social Security money and the Trust Fund...
Archived
How long is a debt good for in michigan I have a 12 year old credit card for 500 dollars and now I have to pay 25oo
Michael's answer
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Answered on January 06, 2011
The statute of limitations in Michigan is six years from the last purchase or the last payment on the account.
As suggested by the above...
Archived
What are the risks between using Legal Zoom versus an attorney for Estate Planning.
Michael's answer
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Answered on January 06, 2011
Are you buying forms and word-processing?
Or are you paying for personal, professional advice and services based on legal experience?
After...
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