When a warranty deed indicates "this conveyance reserves a life state for the grantors" (parents)how does sale of property work?
Thomas's answer
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Answered on August 14, 2018
If your Dad reserved a life estate to himself in the deed, then he maintains an ownership interest in the property until he dies. The life estate...
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I am disabled and sold my home and have to be out in 20 days?
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Answered on August 10, 2018
If you sold your house, the terms of when you must vacate should be outlined in the Purchase Agreement that you agreed to with the buyer. If 20...
The poa form asks for two witnesses to be present who should they be
Thomas's answer
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Answered on August 06, 2018
I think your question may be referring to the Wisconsin Power of Attorney for Health Care document. That form requires two witnesses. The...
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Access to brother's safety deposit box?
Thomas's answer
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Answered on August 04, 2018
I am sorry to hear about this unfortunate situation. You may need to petition for a Special Administration to be appointed as Special Administrator...
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Is the trustee allowed to purchase property before taking care of the beneficiary people first?
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Answered on August 02, 2018
The answer to this question depends on what the trust agreement says. The trust agreement itself will govern what actions the trustee is able to...
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Do I need an attorney yet?
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Answered on July 31, 2018
You could consider forming an LLC to own the rental property. If you owner occupy the unit for the time being, you could delay forming the LLC...
How do I cash a check made out to the estate of?
Thomas's answer
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Answered on July 31, 2018
The answer to this question depends on whether there are other probate assets in the estate. If your Aunt passed away with probate assets in excess...
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I am private selling my home without an for cash in WISCONSIN? Are there specific forms that need to be filled out when doing so
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Answered on July 30, 2018
Wisconsin has a standard residential Offer to Purchase Form that should be used between you and the buyer. See the form here:...
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What can I do, I Inherited a home with a mortgage when my grandmother's passed. I am completely out of area of expertise.
Thomas's answer
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Answered on July 27, 2018
I agree with Attorney Reuter, you inherited the property subject to the mortgage. The good news is the mortgage is less than $20,000 so assuming...
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Will a nursing home come after the owners' personal assets?
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Answered on July 27, 2018
There is a 5 year look back period for any gifts made before a person applies for Medicaid assistance from the State of Wisconsin. If your...
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