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Grantor of trust puts his house in the Trust. He then decides to sell the house. Can Grantor spend proceeds anyway he wants?
Kenneth's answer
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Answered on October 22, 2012
It's his Trust and his assets and he can spend the assets how he chooses. This is a problem with putting specific assets as distributions from the...
Archived
Secured gifts of money (that his parents won't spend) for our 3-year-old Grandson
Kenneth's answer
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Answered on October 20, 2012
I would suggest a section 529 college plan. Ken
Archived
If a person dies intestate, with no surviving spouse but does have a civil partner, what are the surviving children's rights?
Kenneth's answer
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Answered on October 17, 2012
Assets in his name alone would pass to his children who are his heirs. The "civil partner" would not get anything. But he may have assets jointly...
Archived
Legal fees through decedents estate
Kenneth's answer
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Answered on October 15, 2012
Your brother is responsible for the fees of an attorney he hires. If he has retained an attorney you should consider doing the same. Ken
Archived
Probate Inventory Filing fees
Kenneth's answer
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Answered on October 06, 2012
The Inventory is filed and is based on the date of death value of the assets. The fee is a set fee based on that value. If it is later found that...
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Archived
We live in Michigan. My father says he had a will and an irrevocable trust several years ago but they disappeared.
Kenneth's answer
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Answered on September 25, 2012
My guess is he had a revocable trust. The Will may be filed in the county where he lived. Does he recall the attorney that drafted the documents?...
Archived
Michigan Law- is a Trustee or successor Trustee allowed to sign the decendents name on
the checks to purchase something after
Kenneth's answer
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Answered on September 22, 2012
A successor trustee should be signing his or her own name as successor trustee.
What rights does someone have that is the excutor and power of attorney ? Can they do what they want with the will after passing
Kenneth's answer
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Answered on September 20, 2012
The power of attorney is no longer valid after the person dies. If a Will needs to be admitted to probate, the person's heirs and the people who...
Archived
HOW CAN I OBTAIN OR GET A DURABLE POWER OF ATTORNEY FORM FOR MY DISABLED DAUGHTER WHO IS ABOUT TO TURN 18 NEXT MONTH?
Kenneth's answer
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Answered on September 17, 2012
If she is mentally capable of doing so, she could execute two powers of attorney-one for health care and one financial. If not, you would have to...
Archived
Aunt dies...no spouse, no children, no siblings
who gets estate of aunt
Kenneth's answer
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Answered on September 14, 2012
First it depends how the assets were held. The terms of a trust or joint ownership or beneficiary designations would control. Next would be the...
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