Larry E. Powe's Answers (5445)

Archived

What is the maximum amount of money that can be gifted in the MI without a look back?

Larry's answer | Answered on July 29, 2016

You don't want to confuse gift tax exemptions of $14,000 with the 5-year look back period for Michigan Medicaid recipients and their estates. I...

Archived

Can the landlord take over Premises and our business for non payment?

Larry's answer | Answered on July 29, 2016

Your lease terms and conditions will control, especially as a commercial lease. Likely, too, there is a provision for attorneys fees and costs to...

Archived

What is the difference between a trust and will? and Is a trustee or executor legally bound to provide beneficiaries with copies

Larry's answer | Answered on July 28, 2016

In either case, your brother has fiduciary obligations to report to you within a reasonable period of time. You may find that provision for you...

Archived

How do I take ownership of my deceased step father and mothers property when no wills were written?

Larry's answer | Answered on July 28, 2016

I assume you are the only survivor of mother and step father? Were there other heirs for either or both? Did mother survive step father? Do...

Archived

How to transfer a real property into and out of sub-trusts of a basic revocable shared living trust

Larry's answer | Answered on July 28, 2016

This is very fact intensive. You apparently have documentation to review and understand once legal interpretation is provided to you. Hire your...

Archived

How long does it take for a PR to distribute an estate that was signed off by the judge in October 2015

Larry's answer | Answered on July 28, 2016

This description is confusing. What does "signed off " mean? The exact wording of the Order should be interpreted for you by YOUR lawyer. ...

Archived

Mom signed poa post-dementia & Agent is not doing what mom wanted. Agent sits on future inheritance when some is necessary now.

Larry's answer | Answered on July 28, 2016

If your mother's dementia would deny her the ability to make decisions about her bounty and assets, that power of attorney can be attacked in a...

Archived

How can I approach my landlord about breaking my lease- suspected drug dealers next door.

Larry's answer | Answered on July 28, 2016

Every tenancy, with or without a lease, has an implied covenant of quiet enjoyment. That phrase will let the mgmt company know you have had...

Archived

Will being an annuitant on a life insurance policy disqualify me from receiving Medicaid?

Larry's answer | Answered on July 27, 2016

Having been through this with my own mother, 3 years ago, I understand the concerns that you face. The accessibility for the owner of the account...

Archived

How do I handle a subtenant who refuses to pay his rent in full by using his security deposit to cover the remaining portion?

Larry's answer | Answered on July 27, 2016

If your greement is in written form, take it to real estate legal counsel for analysis and enforcement of its terms and conditions. Ultimately, the...

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