Is it required for property to be in your name in order to obtain reverse mortgage?

Your 88 year old mother is old enough to qualify for a federally insured FHA/HUD reverse mortgage, known as a "HECM". Even though your mother is...

Is it better to deed a property or sell it for the cost of the loan?

Did you inherit his former residence as beneficiary of your father's living trust, subject to an existing mortgage, or did you take out a loan on...

Can I take out a loan on my 1/6 share of a piece of property, in Calif., without affecting other owners?

If there is a Tenancy-In-Common agreement your rights to borrow against your interest might be restricted. If the property produces income, you...

Which kind of trust should Sister B get to have property with Sister A yet avoid increases in her husband's high medical costs?

I agree with Attorney Weaver's comments. However you should consult with an estate planning attorney to insure that the Parent Child Exemption...

Thinking of Chapt 11. Being sued for contract liability for 1.3mm. Have a real eestate with high equity in a trust

Your basic question is what kind of asset protection is available now that you have been sued. Consult with qualified Asset Protection Lawyer and a...

Mom died intestate. We live on a farm. We were forced to take a reverse mortgage to pay living and medical. I am her daughter

Unfortunately, the answer to your question is no. I am assuming that the reverse mortgage that your mother took out was a HECM (Home Equity...

2 sisters own the property they inherited and they both live on it. What if one sister wants to sell and the other doesn't.?

I agree with Attorney Paul Neumiller. It is important to know is the right to partition has been waived or prohibited in any agreement that...

Family liable for LLC tax if father passes away?

I am assuming that your father filed the LLC-1 when the LLC was formed. Depending upon the Operating Agreement, the LLC either terminated or...

Can somebody tell me what these means in simple language

This provision concerns more than fee disputes. Because of the mediation privilege, the paragraph 2 indemnity provision would permit the mediator...

Is there specific and/or statutory language that sets the conditions for invoking a Durable Power of Attorney for Health Care?

Advance Health Care Directives usually require a physician to certify that the granting patient is unable to give directions concerning medical...

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