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I want to make sure my house goes to my son should anything happen to me. I am only 43 so hopefully not for years.
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Answered on March 13, 2014
I agree with the other commentators. While you have asked a very specific question, there are many potential answers based on the rest of the...
Archived
My widowed, elderly mother living in an assisted care facility has real estate ( home and land ) exclusively in her name.
Donald's answer
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Answered on March 09, 2014
The real issue here is difficult to answer simply because while you indicated she was living in an assisted living facility, you did not indicate...
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Will a bank seize assets to pay of a deceased person's mortgage?
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Answered on February 27, 2014
While there are provisions for a creditor to compel payment from an estate, there are rules that they must follow in doing so which provide...
Archived
About life insurance and estate
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Answered on February 20, 2014
Unless there is a contractual obligation for the sons to handle the funeral and/or burial expenses, they will take the insurance proceeds directly...
Archived
What estate plan can be used to set aside money for an adult child that will be protected and not having to file tax returns.
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Donald's answer
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Answered on February 20, 2014
This is a classic case for a Special Needs Trust provision in a revocable trust set up by the benefactor. The revocable trust can be used for the...
Archived
If I move and take care take of my mother, due to alzheimers in Michigan when she passes away will I be able to keep her house.
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Answered on February 20, 2014
There are a number of issues in regard to your question that can be more productively answered in a direct consultation with a complete discussion...
Construction contractor taking me to small claims - mediation. How to proceed?
Donald's answer
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Answered on February 20, 2014
I tend to agree with the prior answer. Be aware that there is no appeal from a judgment in small claims court and neither party is allowed to be...
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Can the extra expenses of our father's probated estate, be considered as a tax loss?
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Answered on February 14, 2014
It is difficult to answer this question without more specific information. That having been said, the personal representative of an estate is...
Archived
What forms do I need to file an estate tax return. My father died in Sept 2012 and his estate finalized through probate in Nov
Donald's answer
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Answered on February 14, 2014
The tax return that needs to be filed is IRS Form 706. It is a complicated return. There exemption amount in 2011 was $5,000,000.00 meaning that...
Archived
Can an executor of a will deny a beneficiary their portion stated in the will? What circumstances could warrant that action?
Donald's answer
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Answered on February 04, 2014
You have not provided any context for your question. Is this an issue of timing or do you mean that the estate has been administered, others have...
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