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My ex husband named me beneficiary of a 300k policy. The children from a prior marriage of his are filing to remove me
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Answered on May 29, 2013
You should take this matter to an attorney versed in such matters (life insurance) right away. If you are in OH, which appears to be the case,...
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Hi!
I was paying a loan to my friend who just deceased in February; am I now responsible to pay back his estate?
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Answered on May 24, 2013
I agree with the other attorneys, especially Ms. Reed. The debt likely did not die with the decedent and would likely still be owed to the...
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I bought 2 $100,000.00 term life insurance policies. My 3 adult handicapped children are equally sharing as the beneficiarys.
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Answered on May 16, 2013
LIfe insurance proceeds are generally not subject to income tax. An exception would be interest paid on the proceeds if there were a delay in...
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I have a check from insurance that says to the estate of my sister, but there is none no will i have put her thing in storage
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Answered on May 15, 2013
In TX, they have a small estate procedure that can be used to collect monies due the estate of a decedent when no formal administration will be...
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How can my grandpa switch his gm life insurance benafifeary over to me it currently is my grandmother but she passed away
William's answer
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Answered on May 15, 2013
Your grandpa can obtain a change of beneficiary form from the plan administrator. He should obtain, complete, and return it immediately.
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Do you still need a will if you have a Irrevocable living trust in which all of your assets are under?
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Answered on May 08, 2013
It's always a good idea to have a will which will serve as a conduit to get everything into the trust that did not get properly placed in the trust...
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Will an online POA form, legally executed, supersede one already executed previously?
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Answered on May 06, 2013
Provided they remain competent, a new POA can supersede an old one. To avoid potential problems, ambiguity, and confusion, generally, the new one...
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My Mortagae is $1,500.00, how much can I ask a tenant for if I rent it out? My home is Indiana
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Answered on May 06, 2013
I am in agreement with the other attorneys's statements that, generally, you can rent it for what the market will bear, irrespective of your...
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I recently became a widow; My husband family keep telling me I need to meet with them to sign an affidavit for his insurance.
William's answer
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Answered on May 06, 2013
If there is a beneficiary designation on the life insurance policy, it should control. If there is not, the proceeds may be payable to your late...
Can I cash a check written to my diseased mother - I was power of attorney. she died 6 yrs ago
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Answered on April 23, 2013
As the POA of a deceased person, you have no authority to cash the check, and a bank would be unlikely to cash it. It is unclear to me when the...
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