Archived
My brother & I own 1/2 interest in land. Value under $50k, no liens. Best to use TOD or Pre-signed Quit Claim to avoid Probate?
Michael's answer
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Answered on April 17, 2015
In this situation, I would usually recommend a transfer on death. It requires the same information as the quit claim deed (albeit in different...
Archived
I have been in probat for over 2 yrs. I recently found out I owe 35,000 to dependents, that said they did not want the house.
Michael's answer
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Answered on April 15, 2015
I'm inferring a little bit based on your description. As I understand your issue, your husband passed away two years ago without a will. His...
Mom lost medicaid benefits today due to her home not being in full foreclosure yet. what can we do?
Michael's answer
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Answered on April 14, 2015
You should definitely hire a local elder law attorney (if anything they can delay the nursing home from kicking your mom out for a few months until...
Archived
What can I do regard the payment of the trust by my niece, she pays when ever or what ever. She is trying to charge for time.
Michael's answer
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Answered on April 14, 2015
Your mother was entitled to change her will as often as she pleased. It sounds like she also had a trust, either created by the will or during her...
Archived
I signed a land contract to purchase a condo.After the payments were complete Iwas told there was more money owed.What can I do
Michael's answer
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Answered on April 13, 2015
You definitely need to see a real estate attorney on this one. There are several moving parts I'll highlight below, but you'll want the expertise...
Archived
Can we switch banks for our mortgage?
Michael's answer
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Answered on April 09, 2015
When your bank sold you your home, they provided the financing through a mortgage loan. You own the house and the bank owns the loan (technically,...
Archived
Can I sign a quit claim before the new owner closes without reprimand? Will I be off the mortgage and new deed?
Michael's answer
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Answered on April 09, 2015
As the other attorneys have pointed out, a quit claim deed doesn't relieve you of your liabilities. Let me take this a step further: by simply...
Archived
Who's responsible for water leaks at a rental unit?
Michael's answer
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Answered on April 09, 2015
There are several layers to this question. The first: did your landlord pay for the water bill anyway? It sounds like you paid separately for...
My mother has a reverse mortgage w/Financial Freedom. She became ill and is now in a nursing home. She will not be returning.
Michael's answer
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Answered on April 09, 2015
I also have to agree that reverse mortgages are tricky. The way they actually work is very complicated, so I'll give you an example below - it...
Archived
Father's will being split 40, 40, 20 % how to protect my daughters money after marriage
Michael's answer
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Answered on April 08, 2015
In Wisconsin (and other states as well) a will sends your dad's estate through probate. The probate process is supposed to take under a year...
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