Who does income from a rental property in a irrevocable trust belong to and when can they receive it?
Sara's answer
|
Answered on August 17, 2020
It is unclear whether you are considering establishing an irrevocable trust or if you are already the grantor or beneficiary of a trust. With some...
Archived
What what is a law about making a legal decision 2 months after your spouse dies?
Sara's answer
|
Answered on July 06, 2020
I agree with Mr. Frederick. If your mother still has the capacity to make her own decisions, she should consult with an attorney to determine her...
I have a question about the generic eForms Michigan Durable (Financial) Power of Attorney Form?
Sara's answer
|
Answered on May 14, 2020
I agree with Mr. Powe. I am not familiar with the form you are discussing. That form may not serve your needs or may have restrictions that are...
Can a person who has power of attorney withdraw funds from the bank without penalty?
Sara's answer
|
Answered on May 11, 2020
Both Ms. Fanning and Mr. Glick raise excellent points. When acting as a fiduciary under a power of attorney, it is generally a good idea to...
Archived
How would you be able to prove insurable interest for someone who relies financially on their parents?
Sara's answer
|
Answered on April 15, 2020
Your parents can provide funds for you to remain in the house, if they are insurable at a reasonable cost, by each having a life insurance policy...
How wil it affect my mother if she quit claim deeds her home over to one of her children, in the case of applying for medicaid?
Sara's answer
|
Answered on March 10, 2020
Transferring the home as a gift to one of her children would be a divestment and may prevent your mother from receiving benefits during the 5 year...
Archived
Can anything be done after the death of a dementia patient where very large sums of cash were withdrawn by the POA?
Sara's answer
|
Answered on February 26, 2020
I agree with Mr Frederick but also suggest you contact the police and/or prosecutor’s office where the decedent lived. An agent under a POA is...
Archived
I have paperwork that says I have power of attorney on my parents property does that apply even though they are deceased?
Sara's answer
|
Answered on February 24, 2020
A power of attorney is not effective once the person who granted you authority dies. In this case, because your parents are deceased, any...
Archived
Can I cash a check made out jointly to myself and my deceased mother?
Sara's answer
|
Answered on February 21, 2020
There are procedures for a small estate that may work for what you need. In addition to the Affidavit suggested by Mr. Harris, you may be able to...
Archived
Can an heir petition for supervised administration of an estate without the assistance of an attorney?
Sara's answer
|
Answered on February 06, 2020
Mr Frederick’s advice is sound. At a minimum I recommend that you meet with an attorney to gain an understanding of the probate process, your...