My aunt owns less than $150K in assets - car & mobile home only. Will her children need a Power of Attorney to sell both in CA?
Robert's answer
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Answered on December 09, 2020
A Power of Attoorney for Financial Affairs terminates at the death of the person who gave the power of attorney (called "the principal") Powers of...
Is this true California homestead exemption is effective January ,2021 for $300k or $600k ?
Robert's answer
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Answered on December 09, 2020
It's true. AS of January 1, the homestead exemption in California will vary from a minimum of $300,00 to a maximum of $600,000. The exact number...
Does "issue" include surviving spouse, in trust terms?
Robert's answer
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Answered on December 08, 2020
Issue does not mean spouse. It means children, grandchildren, etc. (i.e. your direct descendants). It also includes children whom you adopted or...
Is my pension protected if I file for bankruptcy? If so, up to what amount? It’s a public pension and not under ERISA.
Robert's answer
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Answered on December 07, 2020
In all likelihood your pension will not be affected by your bankruptcy, but every bankruptcy has a number of moving parts. Meet with a bankruptcy...
My ex husband may file a chapter 7 or chapter 13. What does it affect our existing home loan?
Robert's answer
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Answered on December 07, 2020
I agree with Attorney Rausa. The bankruptcy will eliminate your husband's personal liability on the mortgage, but you will remain liable, and the...
LLCs and estate planning question
Robert's answer
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Answered on December 06, 2020
I am not certain that the step up in basis is going away. We tried it once before and it was an administrative nightmare. I know that it is in...
Question about Chapter 7 Automatic Stay?
Robert's answer
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Answered on December 01, 2020
You may have a claim for violation of the automatic stay assuming that you did not previously file a bankruptcy which was dismissed in the...
Chapter 7. Car Lender filed motion for relief of automatic stay. Do I need to show up for the hearing if I do not oppose?
Robert's answer
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Answered on December 01, 2020
The hearing is required but you do not need to show up. Because of your lack of opposition, the motion will be granted by the judge and the lender...
Is it necessary to amend a Trust into the surviving spouses name, after a spouse has passed and why?
Robert's answer
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Answered on December 01, 2020
I agree with Attorney Benton. I also find that after the first spouse passes it is a good idea to review the trust with an experienced estate...
Investment from will?
Robert's answer
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Answered on November 26, 2020
Your question should best be addressed to the compliance officer at the investment firm where your son works. Every investment firm has one.
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