I have an asset protection/ estate question. Here are the
I have an asset protection/ estate question. Here are the facts; Im male age 58 ,single ,two grown children, one grandchild. I recently paid my home loan off . house is worth 170K . I have a live in girlfriend age 54. She does not contribute to the household expenses. Is there any way I can provide for her to continue to live in the home in the event of my death while still leaving the house to my children as part of my estate. Also being that the house is paid for , should I take any precautions to protect it in the case I would have a lawsuit ( none pending) or major medical expense in the distant future.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: missouriJA: Has anything been filed or reported?Customer: I don't understand what that meansJA: Anything else you want the lawyer to know before I connect you?Customer: Well I have a small 401 about 150K my children are named as bennificary ..and 100K 15 yr term insurance, my girlfriend as bennificary
My step father was supposed (in the divorce decree from
My step father was supposed (in the divorce decree from 30yrs ago) to carry a life insurance policy of 50k with his ex wife as beneficiary but did not. He past a year ago with nonlife insurance policy, now my mother ( the estate), is being sued for the money plus pain and suffering. They believe there is money in the estate, the only thing of any possible value is the house, with needs extensive repairs, can my mother be forced to sell her home to pay his ex wife?
My mother passed 2yrs ago before that she had put my middle
my mother passed 2yrs ago before that she had put my middle Bro name on the title of her mobile home. It was understood he could stay as long as he wanted but when sold it was to be split 3 ways have younger Bro who also was executor of estate. I have E-Mails from both Bros. saying when sold split 3 ways . Now yesterday Bro calls and tells my wife hes selling home but he isn't going to split 3 ways Ill get some money he didn't say how much. Can he be held to a verbal contract back by the E-Mails. From day one he has given away things according to my mothers wishes that I didn't know about .I do know all three of us knew she wanted the home to be split 3 ways anything I can do ?Thank You, ***** *****
I have a friend who is the founder and unpaid executive
I have a friend who is the founder and unpaid executive director of a 501c3 non profit organization. She has decided to resign her position now after 10 years of service. In board meeting minutes back in 2008, it was voted upon and passed that she would have a lifetime estate on the premises for "as long as she desires". Those minutes were approved and accepted at the next meeting. Although there was never a lifetime deed issued to say such, this has never been changed by the board. My question is, is this considered a legal right since it is in the board minutes and does it stand without a lifetime deed? She has been told now that she is resigning that she cannot continue to live on the premises. I might add that they are offering to give her a small compensation to move out. I would just like to know the legalities based on board minutes without an actual deed issued.
My daddy died in 2012. My mother chose to come to my home n
My daddy died in 2012. My mother chose to come to my home n live with me. In 2012, She executed a power of atty, durable n general, for me to take care of her. I do EVERYTHING for my mother by myself. I take care of her, my six dogs, my home, laundry, cleaning, EVERYTHING. Now, right at 4 years later, ONE sister is angry because she says she can't visit "freely". My other sister has written my mother's attorney a letter on my n my mother's behalf. I also have PROOF my "mean" sister visited MOST every time she has wanted to, but I have always ASKED for a day's notice so I can make sure I'm not in middle of bathing mama or in middle of MANY other things that my mother is supposed to have done. (Walking 5 times a day, inhaler puffs 4 times day, neb treatments 2 X day, breakfast, lunches supper, baths, meds 3 times a day, her hair cutting n coloring done by me). Without going into EVERYTHING, this one sister has hired an attorney n they THREATENED that if I did not get my name off of a POD acct which my mother (without my knowledge at that time) put me on to, and send them copies of all my mother's bank statements (which my MOTHER does not want to do), send them proof of home insurance showing the ins coverage on my mother's house (she was left a life estate but she wanted to come live with me. Her house is in a bad neighborhood AND I could not take care of her at her home with all my dogs n I have had 2 back surgeries as well) that they would file for a conservator or guardianship. I got my mother an attorney. My mother took a mental evaluation and passed. My mother is happy, healthy safe n secure with me. Her doctors BOTH say her health has improved. Sunday my sister was confronted by my mother asking WHY WAS SHE DOING THIS. My mother told her u DO see me n told her that she n I both let my sister see n visit with her. My mother is very upset over what my sister is doing. They have tried to infer that my mother has dementia (she does not) n that I CONTROL my mother. (If anything my mother controls me). I'm just at a loss when I e done NOTHING but put my mother's physical and emotional well being above mine. If my mama is happy, I'm happy. The untrue, false n, in my opinion, letters that clearly are a defamation of my character....., nasty n mean letters have been going on since June 15, 2012. My mamas atty says that "they" (my sister n her atty) r crazy n she's not worried. BUT im devastated, hurt n I just don't see how so many lies can just continue. It's taking a toll on me, but I'm doing everything just as always for my mother and her house and her meds n Drs n paying her homes bills. Then of course I still have to take care of my house. Please help. I know this is jumbled information, but I'm at my wits end. Any advice would be appreciated.
Will leaves house in Texas to nephew but give Life Estate in
Will leaves house in Texas to nephew but give Life Estate in house to brother. Brother is now 92 and taxes have been deferred for years. Now about $50,000 in taxes against the property which is brother's residence. Who is responsible for paying these deferred taxes and should they have been deferred since brother does not own but a life estate in the property.
My sister filed 7 bankruptcy a few months ago. I live in my
My sister filed for Chapter 7 bankruptcy a few months ago. I live in my father's old home. He left me a life estate allowing me to live in the house for life, and upon my death or decision to move, it would revert to my sister's and my brother's heirs.Last week I received a letter from a lawyer who is trying to separate her interest in the house and is threatening to put it up for sale, in order to collect on her debts. Can they legally do this and do we have options other than coming up with the money they are looking for. I am on a very fixed income and could very well end up losing my home if this happens.
Can a person who has a life estate sell the property and
Can a person who has a life estate sell the property and keep 100% of the proceeds? My Mother In Law passed away last year, and her second husband had a Life Estate in the condo. He has been placed in an assisted living facility and we now hear that he has sold the property? Can he keep 100% of the proceeds?
Daughter is building a home, her parents, aged 75 and 80.
Daughter is building a home for us, her parents, aged 75 and 80. Can she give us a lifetime/life estate to the property to avoid possible Legal ramifications later? She is in Maui and we are in Oklahoma after having moved from Maui recently. We want full responsibility as homeowners of the property, maintenance, insurance, etc. and she wants to avoid the business of probate after we are gone.What do you advise?