My mom now has a irrevocable trust with myself and 2 brothers as trustees, it has been signed and notarized, is it valid/legal ?
James's answer
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Answered on October 08, 2021
This sounds strange to me. An Irrevocable Trust is a relatively rare estate planning tool and most estate planning attorneys almost never use them....
How do I start the process of claiming my portion of my deceased brothers estate?
James's answer
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Answered on October 08, 2021
You should not sign anything without having the entire situation reviewed by an attorney. Your brother's girlfriend's rights to his assets are not...
What are survivors rights to a home that your name is on the deed?
James's answer
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Answered on October 08, 2021
I agree with my colleagues. I would add that as long as the mortgage payments continue to be made on time, there is nothing that the mortgage...
Are my casino winnings taxable if put into my Special Needs Trust in Michigan?
James's answer
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Answered on October 07, 2021
Yes. A special needs trust does not shelter any income from taxes.
Is my deceased father's wife responsible for paying the mortgage on the home, she has been living there for the past 5 months?
James's answer
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Answered on October 05, 2021
There is no obligation for any heir to pay any estate expense. In this case, when there is a secured creditor, failure to pay gives the creditors...
A will
James's answer
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Answered on October 05, 2021
The Will can still be valid and not have anything to do with the house. If your mom sold you the house, then there is no interest in the property...
How do I get the deed in my name after my single daughter died?
James's answer
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Answered on October 05, 2021
I agree with my colleagues. In the absence of a Will, you are your daughter's next of kin, based solely on the facts presented. But what about her...
My mother has a number of stock holdings, some in her name, some titled to her trust, and some in her and my late father's name.
James's answer
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Answered on October 04, 2021
There may be more involved here, depending on the type of assets involved among other things. That is why Mr. Powe suggested contacting a lawyer....
Can I will my house to my wife?
James's answer
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Answered on October 04, 2021
You CAN do this. But I cannot think of ANY good reasons to do so. If you want your wife to have the property upon your death, there are a number of...
My mother passed away 5 years ago I'm only living heir to her property there's no will how do I transfer come home into my name?
James's answer
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Answered on October 04, 2021
If the facts are as you believe them to be, then you would need to have a probate estate opened and a Personal Representative appointed to handle...
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