Questions answered by James P. Frederick

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Grandson,14 benificary for cd. need lawer to protect rights

James's answer | Answered on July 28, 2009

I would need more information on your situation before being able to advise you further. Is there a Conservatorship set up for you? If so, has the...

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Probate on Car Loan through a Credit Union for my Father

James's answer | Answered on July 28, 2009

I would need more information from you before being able to answer your question. Presumably, the credit union would not be able to repossess the...

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Can I leave life insurance benefits to a minor child in Michigan?

James's answer | Answered on July 28, 2009

There are a number of reasons why this is not a good idea. Assuming the value of the insurance is more than $5,000, upon your death, a...

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Regarding distribution of an inheritance, would it be adviseable to establish a family trust in the state of Michigan?

James's answer | Answered on July 28, 2009

The answer depends on whether or not the investment companies will allow your mother to designate beneficiaries on these assets. If the answer is...

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How long does a person have to transfer names on property after one dies?

James's answer | Answered on July 28, 2009

I would need more information from you before being able to answer your question. How was the property titled when it was purchased? Did your...

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Real estate/Will

James's answer | Answered on July 28, 2009

If the language in the deed is as you describe, it does not make sense. A tenancy in common requires probate for any deceased tenant's share. So in...

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After signing non-compete and employee agreements, would the employer be obligated to grant copies to the employee?

James's answer | Answered on July 28, 2009

You might consider filing a complaint against them with the wage and hour division of the State Dept. of Labor. The State may put some pressure on...

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I was wondering, I suffer from depression, I have screwed my life up finacial, personally, could I be placed in guardianship

James's answer | Answered on July 28, 2009

Hello~ You are to be commended for accepting responsibility for the choices you have made. That is the first step in making things better. Whether...

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My parents had a will, would my brother who was named executor of the will have to probate it in order to take care of affairs?

James's answer | Answered on July 28, 2009

You do not state whether or not a probate action was ever filed. It is possible (and sounds likely), that all of the property was titled in joint...

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Taxes after probate

James's answer | Answered on July 28, 2009

Hello~ There should be no tax implications on this. There is a "step up" in basis on assets, upon death, to the fair market value. James Frederick

James P. Frederick's Answers (17260)

Grandson,14 benificary for cd. need lawer to protect rights

Probate on Car Loan through a Credit Union for my Father

Can I leave life insurance benefits to a minor child in Michigan?

Regarding distribution of an inheritance, would it be adviseable to establish a family trust in the state of Michigan?

How long does a person have to transfer names on property after one dies?

Real estate/Will

After signing non-compete and employee agreements, would the employer be obligated to grant copies to the employee?

I was wondering, I suffer from depression, I have screwed my life up finacial, personally, could I be placed in guardianship

My parents had a will, would my brother who was named executor of the will have to probate it in order to take care of affairs?

Taxes after probate