Archived
If I am joint owner on my moms house and her medical costs exceed her assets can they come after my personal assets?
Janet's answer
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Answered on March 02, 2010
It's usually a colossally bad idea for children's names to be put on the deed to a parent's house. This is do-it-yourself estate planning at its...
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Archived
What trust and estate limitations are on illegal aliens?
Janet's answer
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Answered on March 02, 2010
The short answer is "probably not a good idea". In most states a court investigator will do a background check on a proposed guardian (to make...
Archived
My mother passed recently and had a lawyer prepared Will. Would I (Named PR) be wise to hire a Probate Attorney?
Janet's answer
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Answered on March 02, 2010
Frankly, if you're looking at things like writing checks & preparing tax returns, I'm not sure how much assistance a lawyer might be.
I suggest...
Archived
How do courts determine the total value of an estate when the home is the only asset?
Janet's answer
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Answered on March 02, 2010
I agree with David. The court looks at the price you would sell the home for, not what you'd end up with after paying the mortgage.
The...
Archived
Are heirs to an estate obligated to submit their social security nos. to the administrator to supply to IRS?
Janet's answer
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Answered on March 01, 2010
If the estate earned any income (interest, dividends, capital gains, etc.), then the administrator needs to prepare an "estate income tax return"...
Archived
No will, few assets: California
Janet's answer
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Answered on February 28, 2010
I'm sorry about your mother's death. Unless something unusual occurs, you will be able to use the "small estates affidavit" procedure to collect...
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Do I need to probate my grandmothers estate if I am only relative and I am joint owner on bank account,
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Answered on February 28, 2010
Assuming that your grandmother lived in Idaho, you will need to check the Idaho probate rules (if she lived in a different state, then you will...
Archived
Is it legal for the power of attorney to change decision of will after death?
Janet's answer
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Answered on February 28, 2010
A power of attorney ends at death. If your grandmother's will says that the property is to be split 4 ways, then that's what needs to happen. ...
Archived
Is a pour over will valid without an established trust? if it just refers to a trust?
Janet's answer
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Answered on February 28, 2010
If there's no trust document, what will the will pour "over" into? If no trust document exists, then even if the will refers to a trust, the...
Archived
Would holding a financial power of attorney for my mother ever put my own assets in jeopardy (barring fraud of course)?
Janet's answer
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Answered on February 28, 2010
If you were not personally liable in some way, merely having your mother's power of attorney would not place your own assets in jeopardy.
The...