Archived
Are CDs, Life Insurance, Stocks, Bank and Investment accounts probatable when dying intestate. Each one is designated.. State IL
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Answered on August 23, 2009
Many of the assets you describe pass directly, without probate. For example, a joint bank account passes to the survivor. If necessary, the death...
Archived
If you are contemplating bankruptcy how long before the bankruptcy can you legally liquidate assets, for instance sell a vehicle
Henry's answer
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Answered on August 23, 2009
There are more questions that should be examined by a bankruptcy attorney than the one you asked. Your question alone is impacted by a number of...
Archived
Is an unsecured business loan dischargeable in a no-asset chapter 7 bankruptcy?
Henry's answer
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Answered on August 22, 2009
There is a lot more to this question than can be answered with the information available. Generally, yes, an individual debtor's responsibility...
Archived
How do I get my name on bank accounts and house? My wife of 39 years died and we have no will.
Henry's answer
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Answered on August 17, 2009
You should arrange an attorney consultation. It is likely you will need to pursue administration of the estate in probate court. If your wife had...
Archived
IRA Annuity in Bankruptcy
Henry's answer
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Answered on August 17, 2009
The exact circumstances would need to be better considered with access to the documents for review. My expectation is that the annuity will be an...
Archived
If my soon to be ex files bankruptcy?
Henry's answer
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Answered on August 17, 2009
To the extent you are responsible, for example, on a joint credit card, the creditor can and likely will come after you. The terms of your divorce...
Archived
"A father and one of his sons own a house. Both of them have died. Both have children. How is inheritence split amongst kids
Henry's answer
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Answered on August 16, 2009
This sounds like the typical story of someone trying to handle matters without adequate or correct legal advice and ending up with an expensive...
Archived
I just got a massive pay cut
Henry's answer
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Answered on August 16, 2009
You should provide your pay information to your attorney with an update of your expenses. My expectation is that your attorney will need to...
Archived
Can we get our earnest money back?
Henry's answer
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Answered on August 16, 2009
It is not possible to answer your question without reviewing the documents. Also, it is not clear whether this occurred in Wisconsin or Illinois,...
Archived
Can I transfer a realestate/house deed when the house is being used as collateral on another property?
Henry's answer
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Answered on August 16, 2009
Your colleague should invest in legal advice. While she can do what you are describing, there may be unintended tax ramifications to her and later...
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