Is a non-spouse Inherited IRA exempt from Medicaid as a non-countable asset if it is in payout status to the beneficiary?
David's answer
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Answered on August 24, 2016
Generally, if the IRA is in pay status, which it sounds like it is, only the distribution (RMD) is counted and not the asset. However, there could...
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Is wife liable for her deceased husbands unsecured credit card balances when she did not sign for or ever use said credit cards?
David's answer
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Answered on July 23, 2016
The estate of the husband is generally responsible for the paying of his debts. As others have said, seek counsel and good luck.
Archived
How long does the landlord have, legally, to submit the bills and repay deposits after vacating an industrial space?
David's answer
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Answered on February 12, 2016
Being that this is a commercial lease you should contact an attorney and review your options. Since it has been over (6) months since you've...
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My husband passed away and has 3 cars titled in his name - I can sign over one to myself, what about the other 2 (NY)
David's answer
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Answered on July 28, 2015
Your husband's last will is what would determine the disposition of the vehicles titled in his name. If no will exists there are statutes that...
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How can I get "Restricted Shares" of a stock converted to "Unrestricted Shares " So I can trade them?
David's answer
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Answered on July 27, 2015
Usually, the issuer's counsel would be the best place to get a legal opinion. I've seen certain instances where the issuer or transfer agent will...
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My dad and I own a home together, I am only on the title not the mortgage. What could happen if he passes?
David's answer
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Answered on July 23, 2015
MN is a title theory state which means the lender holds title to the asset in borrowers name in trust. If/when your father passes, his share of the...
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My brother passed, I have Power of Attorney for him, and I want to give away his house to the City. How?
David's answer
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Answered on June 17, 2015
Your power of attorney ends upon your brothers death. Unfortunately, you can't decide whether or not probate it required. The estate plan (trust or...
Archived
Can a confidentiality agreement prevent me from filing a complaint and reporting illegal securities activity to FINRA?
David's answer
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Answered on June 15, 2015
I think the answer to your question lies in the exact definition of "complaint". If it's a whistleblower type of complaint, where you are making a...
4 yrs. ago was arrested for Domestic violence battery in Hammond, la. Will this arrest show up on employer background check?
David's answer
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Answered on April 13, 2015
If you are getting a Series 7 or other FINRA license, and this was a felony charge... You had better disclose it on your Uniform - 4 (U4) I've seen...
ON IRREVOCABLE TRUSTS DOES THE PROPERTY DEED HAVE TO BE CHANGED OVER TO TRUST AND RECORDED
David's answer
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Answered on April 13, 2015
Yes, the property must become part of the trust. Additionally, any change in title should be immediately recorded. It's best to use an attorney who...
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