We are getting up in age and have thought of selling our home to our children and we would take a life lease on it.

I agree with both prior answers and would add that using a "Lady Bird Deed" could have tax benefits for your children (assuming that the value of...

Can bank come after my wife for balance of money owed on short sale. Illinois

Your wife typically cannot be held liable for any of your personal debts (this is especially true with a deficiency on the debt associated with...

Can I rent my condo? The declaration permits renters but the rules and regulations do not.

You should have an attorney take a look at the documents to give you a better idea of what your options might be. Typically, the restrictions...

AZ - father gave son POA at death 2/15/12 - what does that mean with other factors I've written in details?

This situation seems a bit complicated and involves someone looking over documents (specifically a Power of Attorney) to determine what your best...

Should we have a trust,living will or regular will. We have a 7 y/0 child. This is our only one.

Take advantage of free consultations that firms offer to talk about your options. My firm offers a free consultation and is licensed to practice...

Also consider taking advantage of a free consultation to have a better idea of the issues involved. Feel free to contact me with any further...

What can i leave out of a will

The short answer is: you could add her as a beneficiary, but do NOT add her as a joint owner (too much liability). This can be done at the...

I would agree with my colleagues and would add that it all depends on the language in the deed and any references it makes. To ensure you have...

Can a mortgage company set a policy to not respond to offers on a newly listed foreclosure for a 10 day period?

I agree with my colleague, the bank can set any policy it desires regarding the sale of REOs ("real estate owned" by the bank). I am assuming it...

When do the savings from a successful property tax appeal appear, and is it transferable to a new owner?

If your neighborhood is being reassessed this year, your new assessment will determine your new amount of tax. Watch for your neighborhood on...