Questions answered by Gary Ford Allen

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Should i transfer our assets into a fixed annuity within an irrevocable trust to qualify for va aid and attendance benefits ?

Gary's answer | Answered on October 24, 2012

The comments of the other attorneys are correct. Additionally, you need to consider medicaid plannig as well as VA planning. If you wife needs to...

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Is a gift to an irrevocable trust a "gift" for tax purposes?

Gary's answer | Answered on October 16, 2012

Attorney Lawrence is 100% correct. Additionally, you may give more than the $13,000 annual exclusion gift tax free by using your lifetime...

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Can a ladybird deed be used in estate planning?

Gary's answer | Answered on October 15, 2012

A ladybird deeds serves functionally to create a beneficiary on a house. The home owner names the people to take title to the property upon their...

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What is a reasonable fee for a trustee to ask for

Gary's answer | Answered on October 14, 2012

Trustee fees are based upon the amount of time spent by the Trustee, not a percentage of the value of the estate.

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If estate only consists of stock of less than $5000, car, small life insurance policy, is probate necessary?

Gary's answer | Answered on October 14, 2012

Joint bank accounts go to the joint owner. Life insurance goes to the beneficiaries named on the life insurance policy, not the beneficiaries...

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When my parents died they left all their belongongs to my brother and myself. In his will he stipulated that have the house unti

Gary's answer | Answered on October 14, 2012

Whatever you inherited is spelled out in the terms of the will. Take it to a qualified attorney to interpet.

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How do I get a copy of my fathers will

Gary's answer | Answered on October 11, 2012

Michigan statutes require that any person having posession of the will of a decedent must file the will with the probate court in the county that...

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Do intangible assets, described in the details section below, held jointly/with beneficiaries require distribution per will?

Gary's answer | Answered on October 11, 2012

The other attorney is correct about the general rule. Exceptions may include provisions in the will that joint accounts are for convenience only...

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Transferring rental properties into a trust.

Gary's answer | Answered on October 08, 2012

An LLC is a limited liabiity company. It keeps your tenants from filing a lawsuit against you and getting judgements to attach to your personal...

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Power of attorney in the state of Michigan how to?

Gary's answer | Answered on October 08, 2012

A Michigan power of attorney will be recognized in all 50 states. You can name one person or more than one person. If more than one, the POA must...

Gary Ford Allen's Answers (34)

Should i transfer our assets into a fixed annuity within an irrevocable trust to qualify for va aid and attendance benefits ?

Is a gift to an irrevocable trust a "gift" for tax purposes?

Can a ladybird deed be used in estate planning?

What is a reasonable fee for a trustee to ask for

If estate only consists of stock of less than $5000, car, small life insurance policy, is probate necessary?

When my parents died they left all their belongongs to my brother and myself. In his will he stipulated that have the house unti

How do I get a copy of my fathers will

Do intangible assets, described in the details section below, held jointly/with beneficiaries require distribution per will?

Transferring rental properties into a trust.

Power of attorney in the state of Michigan how to?