My grandmother (NY) owns a Co-Op that she purchased over 30 years ago. She wants to leave it for me, my mother, aunt, when passe
Kenneth's answer
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Answered on August 13, 2013
There are several options that will accomplish this goal -- everything from a will that is probated to a Lady Bird Deed to Trusts to Gifts. Each...
Can an executor borrow money against an estate to make repairs to house and keep yard in good shape to sale in Alabama?
Kenneth's answer
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Answered on August 13, 2013
Probably yes, but you need to be careful about how you do this to insure there are no personal guarantees etc and that the form is correct based on...
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My mother died a month ago. I now live in her house. She left me everything in her will. House has second mortgage. Can i pay it
Kenneth's answer
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Answered on August 13, 2013
Anyone can pay for someone else's mortgage -- banks rarely care where the money comes from but you cannot afford to NOT hire a lawyer, and probate...
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Is it possible to shelter my IRA/annuity retirement savings if/when my wife is placed in a medicaid care facility?
Kenneth's answer
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Answered on August 01, 2013
There PERHAPS are ways to structure this to minimize the risks, however, remember you are asking the government for a hand-out and they make the...
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What legal options do I have if my sister with POA is treating me unfairly?
Kenneth's answer
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Answered on July 28, 2013
If the sale of the property is needed to insure the best interests of your mother, and your mother is the ONLY current owner of the home, you may...
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PRT vs. QPRT in Michigan
Kenneth's answer
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Answered on July 28, 2013
Yes PRTs are allowed in Michigan, and have advantages AND DISADVANTAGES ... you absolutely should consult with a qualified local attorney to be...
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Dad has Alzheimer's and is in a nursing home; how can mom sell their jointly-owned home without either of them being penalized?
Kenneth's answer
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Answered on July 21, 2013
You've asked this question before and received some thoughtful answers which boil down to 'this is too complex to provide a simple answer'. There...
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Will an intentionally defective grantor trust also provide asset protection for our home?
Kenneth's answer
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Answered on July 21, 2013
I agree with the others and would STRONGLY emphasize that you need to consult with someone local to you and/or the property in question to really...
What can I do if my deceased fathers POA refuses to give me my fathers financial records,ledgers of where his money was spent
Kenneth's answer
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Answered on June 07, 2013
I'm sorry to hear of your loss. There is much left off of your question that will impact the question.
Did your father leave you as a...
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MI res/married Fl resident what law applied for probate , living 6 m en each state. Trust made in Fl as solo benificiary wife MI
Kenneth's answer
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Answered on June 07, 2013
You CAN be named the sole beneficiary of an estate, however, there are so many issues here that to make any decision without talking to a...
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