Questions answered by James P. Frederick

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Does named exec. of estate have to pay inher. tax on properties he receives upon death of parties. before he sells and disbribut

James's answer | Answered on August 04, 2009

The answer would depend on the state(s) involved and the manner of distribution. For example, most Wills state that all taxes (and other...

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My parents are deceased. If I go through probate, will it raise the property taxes on our home?

James's answer | Answered on August 04, 2009

There is an exemption for transfers to children/grandchildren for transfers under $1,000,000. The link...

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If you have a will containing your presonal rep. so do you have to go to a lawyer and also does it have to go to probate,

James's answer | Answered on August 04, 2009

Hello~ It is not the existence of the Will (or of a Trust) that dictates the need for probate. It is the existence of property and the title of...

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Can a mortgage company reforeclose on a person that has inherited land that was used on a deed of trust by the decease?

James's answer | Answered on August 04, 2009

It is typical in situations involving a trailer or mobile home to have title of the real estate separate from the title of the land. The Trailer or...

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Deceased, House not in trust. Has normal mortgage loan from purchase. Quit claimed son on title. Does trust have to pay loan. MI

James's answer | Answered on August 04, 2009

The Trust is not liable for this debt. The surviving joint tenant also is not liable for the debt, because he never signed the mortgage. Obviously,...

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Can my 5 year old son be beneficiary of my ex husbands life insurance policy?

James's answer | Answered on August 04, 2009

Unless there is a Trust in place, it is a very bad idea to name a minor as beneficiary of anything. Not only will you not be able to use the funds...

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Is there a way to determine in a Life Insurance policy has been paid on a deceased person?

James's answer | Answered on August 04, 2009

You can check the probate court in the county where your father resided to determine if there was an estate for him. If the insurance passed by way...

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Probate in Kalamazoo

James's answer | Answered on August 03, 2009

I would need more information before I can answer your question fully. Assuming there is no Will, all probate assets would pass to the next of...

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To transfer a property deed from father to daughter, do I need a lawyer or can we do this ourselves?

James's answer | Answered on August 01, 2009

The answer to your question is easy, given the information you have provided. Have a lawyer prepare the deed for you. If you have even the...

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Do we need to hire a lawyer to probate a will , can we do it ourselves?.

James's answer | Answered on August 01, 2009

If you feel comfortable that you know and understand the obligations of administering the estate, and you are aware of the potential liability if...

James P. Frederick's Answers (17264)

Does named exec. of estate have to pay inher. tax on properties he receives upon death of parties. before he sells and disbribut

My parents are deceased. If I go through probate, will it raise the property taxes on our home?

If you have a will containing your presonal rep. so do you have to go to a lawyer and also does it have to go to probate,

Can a mortgage company reforeclose on a person that has inherited land that was used on a deed of trust by the decease?

Deceased, House not in trust. Has normal mortgage loan from purchase. Quit claimed son on title. Does trust have to pay loan. MI

Can my 5 year old son be beneficiary of my ex husbands life insurance policy?

Is there a way to determine in a Life Insurance policy has been paid on a deceased person?

Probate in Kalamazoo

To transfer a property deed from father to daughter, do I need a lawyer or can we do this ourselves?

Do we need to hire a lawyer to probate a will , can we do it ourselves?.