Archived
I own a irrevacable trust and was told i own 98 percent of the real estate property in the trust, and that is what it saids
David's answer
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Answered on April 26, 2015
Every state has different annual property tax laws and it sounds like this is a property tax strategy. In Michigan, the law was changed last year...
Can remainderman of a life estate gain access to the property to inspect it?
David's answer
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Answered on April 26, 2015
Don't know Texas, but in Michigan, the life tenant has an obligation to refrain from "waste" of the property and the remainderman has the right to...
Archived
My ex husbands mother died am i entitled to anything she left to him
David's answer
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Answered on April 26, 2015
That's really a divorce lawyer question. But inheritances are considered received on the death of the decedent. So.....
Archived
Is the lawyer obligated to obtain information for proper division of assets. Am I entitled to a portion of inheritance
David's answer
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Answered on April 26, 2015
Why are you entitled to your ex-husband's assets after he died? How is a lawyer retained by you involved? Generally, the job of securing assets is...
How can I request an accounting of the trust for multiple years.
David's answer
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Answered on April 21, 2015
Send a nice letter to the trustee asking for the accounting. Follow the nice letter with a nasty-gram demanding information immediately. Follow the...
Archived
Does Minnesota recover assets from the estate of couple who were on Medical Assistance (not in nursing home)
David's answer
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Answered on April 21, 2015
The problem with estate recovery programs, in general, is that they are unevenly applied. So.... your reading of the law may be correct and yet the...
Archived
If I buy my parents house can medical companies sue if they pass with unpaid hospital bills, since they live there still?
David's answer
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Answered on April 21, 2015
You should be fine if you paid fair market value for the home... The problem comes when you buy it for a bargain price or free and then the...
If my husband goes into a nursing home, will I lose my house and savings?
David's answer
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Answered on April 21, 2015
Depends on how much you have... You can always keep the first $23000 or so of cash/countable assets and then half of the rest, up to a maximum of...
Are the payments from a Medicaid Compliant Annuity taxable if purchased using funds from a savings account?
David's answer
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Answered on April 21, 2015
Generally the return of tax paid dollars is not taxable, but any interest earned in the annuity will be taxable. Plus the long term care costs will...
Archived
Dear Friends,
My question is estate/trust related. My mother passed away and we found she had both a trust and will.
David's answer
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Answered on April 19, 2015
If the stuff was in the trust, the trust governs. If the stuff was in the person's name, the will governs. The fight will be over what stuff was...
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