Archived
My aunt is in charge of my late fathers estate and she called me today and told me he left me life insurance.
Janet's answer
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Answered on March 31, 2010
I'm sorry about your father's death. You are not required to use the proceeds from the life insurance policy to pay for your father's funeral;...
Archived
Can income benficiary/trustee drive residual beneficiaries out of family business
Janet's answer
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Answered on March 31, 2010
Although 85% of the stock is owned by a trust, this is really a "corporate law" issue - specifically, it deals with the duty of a majority...
Archived
If my name is not on the deed am I entitled to the house if my husband dies?
Janet's answer
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Answered on March 30, 2010
If your husband has a will, then the house will pass to whomever is named in his will. If he does not have a will, then you would receive a...
Archived
Uncle passed away intestate. Deed to his house is still in his and his first wife's name. Does 2nd wife keep house?
Janet's answer
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Answered on March 30, 2010
If TN law is like most states, your uncle's second wife will inherit a portion and his children will inherit a portion. So they will all end up as...
Archived
One was named the beneficiary of life insurance policies.there are 4of us as 1 of the coexecutor am i entitled to 1/4 of policy?
Janet's answer
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Answered on March 30, 2010
No, if your sister was the beneficiary of the life insurance policy, then she is the only one who gets it. Likewise, if she was a joint owner of...
Archived
Can there be 2 people appointed equally on a Health Care Power of Atty. at the same time?
Janet's answer
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Answered on March 30, 2010
Your question is a difficult one because of HIPPA rules. Some hospitals and doctors are so concerned about the HIPPA rules that they don't use...
Archived
What can you do if you know POA is using funds for their personal use?
Janet's answer
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Answered on March 30, 2010
If your brother is using your mother's funds for his own benefit, that is theft. If your mother is competent, she needs to remove him by revoking...
Archived
Family trust
Janet's answer
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Answered on March 30, 2010
You do not provide enough information to answer. One of the issues is whether the trust is revocable or IRrevocable. If the trust is revocable,...
Under trust requiring 50-50 distribution to 2 beneficiaries, can B1 get the entire house and B2 get the liquid assets?
Janet's answer
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Answered on March 29, 2010
That depends, in part, on what the trust says. If it contains a provision that says "assets can be divided on a pro rata or non pro rata basis",...
Archived
How do i deny or gift back a property i received from my father's will?
Janet's answer
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Answered on March 29, 2010
Under federal tax law you have 9 months from date of death to "disclaim" an interest in property. Check with a competent estate planning lawyer on...