What happens when a life insurance beneficiary is deceased?
Absent a provision in the policy, the beneficiary failing would make the asset a part of the OWNER'S estate. HOWEVER, as Mr Frederick has pointed...
Howell, MI
Estate planning Lawyer at Howell, MI
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Absent a provision in the policy, the beneficiary failing would make the asset a part of the OWNER'S estate. HOWEVER, as Mr Frederick has pointed...
MOST LIKELY, not. There are certain 'exceptions' (community property states leap to mind, but that is NOT true in Michigan) but generally, the...
If a new spouse has no legal obligation to support the child (which unless he adopts the child he does not) then his income is not relevant to the...
Is there a scheme for 'sharing' debt in the will that sets out these specific bequests? Are there assets outside of probate that might be tapped?...
Mr Powe's answer is correct but doesn't list the MOST important part -- if you are unsure of what to do, it ALWAYS helps to have legal guidance...
Family members (particularly of the same sex) OFTEN share a bedroom. Why would that NOT be OK unless there is some implication of abuse or a...
Without actually seeing the documents it is hard to say for sure, but I'm PRETTY sure you don't have a 'quick' claim deed as there is no such...
It is impossible to fully answer without reviewing the trust, but there are likely MANY ways this can be addressed. If the trust is not what either...
Your mother (the person creating the trust I assume) is the best source of information. Failing that, the name of the person and/or law firm...
"What happens to tenants by the entirety status"? It is destroyed. Whether or not that is important, a good thing, or a bad thing, depends a...