Archived
What's the best way to take care of getting a legal will drawn up without going through a lawyer to do it?
James's answer
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Answered on July 09, 2009
You might have your friends try Nolo Press, which publishes a large number of self-help manuals as to wills and trusts. They have a website on...
Archived
Can I deduct $12,000 from my Mothers account as a "gift" and set it aside for her funeral expenses in the future?
James's answer
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Answered on July 09, 2009
First, there is an issue with regard to your plan to use your mother's money in a way which she may not approve of, without her consent. Your...
Archived
Can I put my name on mom's house as POA in case something happens to her?
James's answer
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Answered on July 09, 2009
The best solution for your mother would probably be to place her house into a revocable living trust. This would allow her estate to avoid the...
Archived
When is it best to place all assets in a trust as opposed to a will?
James's answer
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Answered on July 06, 2009
Generally, the trust most people have in mind when they are talking about estate planning is a revocable living trust, which is used primarily so...
Archived
What can the family do about 1 sister that wants to sell a our parents (deceased) house and doesn't include the 5 siblings?
James's answer
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Answered on July 02, 2009
Your sister will probably find that she cannot sell your parents' home without probating title, since title to your parents' house is no doubt...
Archived
Can the executrix who is the daughter move into their mother's house, which was left to all the siblings including her?
James's answer
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Answered on July 02, 2009
Assuming that the house of which you are speaking is an asset of your mother's probate estate, it would usually be improper for the Executrix, and...
Archived
My mother passed away recently. She did not have a will. I have 6 other siblings. How do we establish an estate?
James's answer
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Answered on July 02, 2009
You should initially contact a probate attorney in Virginia concerning your mother's estate. Her personal property, such as household goods and...
Archived
What happens to my real estate property when my spouse and I dies?
James's answer
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Answered on June 26, 2009
I would second the response provided in the previous post, but add that if the gross value of your house (not net of mortgage indebtedness) exceeds...
Archived
In order to place property into a living trust, does ithave to be fully paid for , or can a mortgage still exist on it?
James's answer
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Answered on June 25, 2009
The Garn-St. Germain Act of 1982, a federal law, does not allow a lender to call or accelerate a loan secured by a single family home if the home...
Archived
For estate planning for aging parents, is it necessary for the attorney to be able to practice law in the state they reside?
James's answer
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Answered on June 25, 2009
I would certainly second many of the concerns raised in the previous posting. If you hire attorneys unfamiliar with Wyoming practice to prepare...
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