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Does an estate have to be opened & creditor's notified if the property is worth at best $30,000, but there no other assets ?
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Answered on August 07, 2013
For valuation of the property, for the time being, Michigan allows you to use the "net" value, after accounting for mortgage liens. Otherwise, you...
Archived
Is there a specific place I need to obtain a land contract form from to assure both parties are protected
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Answered on August 06, 2013
I agree with Mr. Bonham. This is a serious investment and an important legal transaction. You should have a lawyer handle it for you.
James...
Archived
What type of attorney, and what should I take with me to the appointment, and what should I expect to pay for services?
James's answer
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Answered on August 06, 2013
Attorneys are all different in what they charge for services. An attorney performing these services would likely charge you either on a flat fee...
Archived
What are the steps I need to go through to sell a house on land contract? What should bring to a lawyers appointment?
James's answer
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Answered on August 06, 2013
The lawyer will need a copy of the deed, as well as all of the terms of your agreement. You will not be able to go through with this transaction...
Archived
Estate issue
James's answer
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Answered on August 06, 2013
You do not have enough information to determine how to proceed, but you have enough red flags to be concerned. I would suggest that you retain an...
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Archived
Can a person opt out of receiving a house as part of an estate
James's answer
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Answered on August 06, 2013
Yes, this can be done. But there are lots of considerations. Are you going to be paid for your share of the property? Are there sufficient assets...
Archived
If she told her broker she wasn’t going to take a commission from selling the family home, then after escrow closed she took 10k
James's answer
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Answered on August 06, 2013
I agree with my colleagues. You are not going to solve this situation on the internet, no matter how many questions you ask. If you are serious...
Can a person who is in prison for life receive an inheritance?
James's answer
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Answered on August 06, 2013
I agree with my colleagues. I would simply add that many states have enacted "prisoner reimbursement acts," which provide that any money received...
Archived
In WA state is a beneficiary of an estate allowed to see a copy of the life insurance policy?
James's answer
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Answered on August 06, 2013
You would only be entitled to information on the insurance if the estate (or you) are beneficiary of the policy. Otherwise, the estate (and you)...
Archived
How to handle a deteriorating house I am beneficiary to.
James's answer
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Answered on August 06, 2013
I agree with my colleagues. It is not clear from your limited facts whether the estate (or the executor) have any duty to make repairs to the...
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