Archived
A remainderman interest in a Life Estate is valued to me at about $690000, presently. Can I sell it above the IRS tables?
Alan's answer
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Answered on June 23, 2019
You have one of the problems with a life estate. Even if the property should be sold, both you and the life tenant would need to sign the...
Archived
Would the trustee ask about the settlement from 2 years ago for a chapter 7 bankruptcy?
Alan's answer
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Answered on June 21, 2019
When in doubt, disclose and explain. It was older than what is required and it was used for personal expenses.
Archived
If a creditor files an "Acknowledgement and satisfaction of judgement" with the court, will future court dates fall off ?
Alan's answer
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Answered on June 21, 2019
That 2021 date is a tracking date so the court does not lose track of the case.
Some attorneys will file an "Acknowledgment and Satisfaction of...
Archived
What is graduated payment plan in chapter 13 BK? Do I have to pay off my $100K Superior Court judgment debt in full ?
Alan's answer
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Answered on June 21, 2019
Collection of the judgment debt is stayed by filing BK or by posting an appeal bond.
About 80% of appeals result in affirmation of the...
Can we refinance estate trust home and buy out siblings
Alan's answer
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Answered on June 20, 2019
Just to add t the other answers.
If you want to keep the current property tax value, the estate or trust needs to get a loan secured by the real...
What document does the bank want , to Prove you have right to the property?
Alan's answer
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Answered on June 19, 2019
For real property in a trust. A certificate of trust showing you are successor trustee should be sufficient.
If it was distributed to you from a...
Archived
Power of attorney
Alan's answer
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Answered on June 19, 2019
The power of attorney needs to be valid in the country where the bank is.
Unless you need a POA to handle other of grandfather's affairs in the...
Archived
Shredded original trust and copies. I changed it, with 1st amendment. I have a new will, no original trust or copies
Alan's answer
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Answered on June 18, 2019
Was the trust amendment a full restatement of the trust. If not, the original trust as amended governs all assets in the trust.
Hou really should...
Archived
I want to start some type of legal action regarding my mother-in-law who has dementia
Alan's answer
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Answered on June 18, 2019
You need to become conservator of the person and estate of mother-in-law WITH dementia powers.
While you could do it yourself, it will go more...
If I have DPOA over my mother who has Alzheimer's can I transfer her vehicle in mind and my sisters name?
Alan's answer
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Answered on June 18, 2019
You have a DPOA to benefit your mother, not over her.
The basic rule is to do what is best for your mother.
You need to read the DPOA to...
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