Can I use a power of attorney to create a Ladybird deed giving a property to myself?
You have indicated that your mother is on Medicaid now, so transferring the property will be a basis for loss of eligibility for benefits. It...
Lansing, MI
Estate planning Lawyer at Lansing, MI
Practice Areas: Estate Planning, Commercial ... +3 more
You have indicated that your mother is on Medicaid now, so transferring the property will be a basis for loss of eligibility for benefits. It...
From your question, we know you live in Michigan but we do not know where your ex-father in law lived. While it is not certain that his trust was...
$60,000 principle at 2% per annum over 30 years works out to $222.00 per month. However, you and she can agree on any terms that are satisfactory...
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There usually is not a transfer fee between related parties but you will need to pay the registration (plate) fee and that will be based on the...
As indicated, the significant question to be answered is who is the borrower on the Mortgage. If it is the decedent, the fact that title has been...
From what you have said, on a balance sheet basis, the estate is insolvent. To that end there should be no taxes on forgiven debt. It is possible...
I am not clear from your question that your mother is still alive. If she is, she or her agent under a durable power of attorney should contact...
I agree with the preceding answers that the beneficiaries of the trust will have the benefit of the capital gains exemption. You also mentioned...
Your grandparents and/or the survivor of them can leave their property as they choose under the law by will or trust. In either case, someone who...
As Guardian, you are a court appointed agent for the incapacitated person (your father). That means that you have the authority to act on his...