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Recent Survivorship questions
My husband and s 2 brothers own a corp. together. I've
Hi...my husband and his 2 brothers own a corp. together. I've been married 30 years to my husband. We have 2 boys, 27 & 23 yrs. old. Their both on their own. Since I've been married, us 6 couples have bought several acres of land, improved it and have profited from it. However, the majority of the acreage (according to the property taxes) has been divided up into community property and the corporation owning it. Originally, the corporation bought the acreage and profited from it. In the last 5 years, the corp has deeded the acreage to us 6 couples as undivided community property and a percentage still showing the corp owning it also. We also have several acres that are on short and long term leases that show the corporation leasing the properties. All 3 couples have been involved with all loans that have paid for all acreage and leases (open line of credit in the millions). The 3 brothers are employees of the corporation and this is a C corp (double taxation) Why they have land in a C corporation is beyond me, but thats the way it is at this time. Now here's my question...If I were to divorce my husband of 30 years, (I didn't have a career during my marriage, (stay at home mom) but I held various little fun non permanent jobs to keep in the loop) could I be eligible for 50% of the properties we've bought together since we've married , and would I be eligible for Alimony?
Thank you previous response. I will be filing in Florida as
Thank you for your previous response. I will be filing in Florida as he cannot even file until he has lived in MI for 6 months. It is a long term marriage (34 years) with an adult disabled child whom I care fo rfull time so I cannot go through a simplified dissolution at this end. I guess I am still a bit confused about WHAT it is exactly that I have to sign in order for him to get the doggone house. Do I absolutely have to sign the mortgage? I am doing this under duress. My understanding is that I can get rid of dower rights by executing a quit claim deed but as I see it all it does it relieve me of equity/interest, but if I HAVE to sign a mortgage it would not remove me from that financial responsibility of ownership by my husband of that property. Is there no way in Micnigan for a married man to get a loan in his own name only? He is the one with all of income, not me. He could easily qualify on his own income. Is there any way I could sign something to signify that I understand he is buying real estate but not obligate myself to pay for it or even have an interest in it? Thank you, ***** ***** will rate you very high...
My boyfriend buying land on name only, we leave together
My boyfriend buying land on hi name only, we leave together for 13 years and planing to stay for rest of our lives, he said he will put me indeed later, what deed option will be good for me so Only I will get property upon his death , he don't have kids . is it better if we buy land together, or it's alright he wil buy it and put me on des later.
My niece wants to get married in GA with her same sex partner,
My niece wants to get married in GA with her same sex partner, but they live in FL.Will the marriage be legal in FL and follow the FL Laws regarding Marriage?If my niece dies before her partner, will her part ownership in her Father's home then go to her same sex partner?IF yes, then what document could protect against this transfer?
I am divorced in New Jersey. My former spouse continues to
I am divorced in New Jersey. My former spouse continues to live there. I and my current wife live in Arizona. If I owe unpaid alimony to the former spouse and I die, can the former spouse take the life insurance benefit from my current spouse who is the named beneficiary?
I'm divorced. My female partner, Beth, is
My name is Bob. I'm divorced. My female partner, Beth, is divorced. We are living together, and considering marriage. We are buying a house together, married or not. I am 72, currently have income of around $140,000 and savings of around $8,500, and debt of around $12,000 plus an additional $38,000 for my vehicle. Beth is 62, retired, and has income of about $40,000 and savings of around $80,000. Beth has essentially $0 debt, owns her 2014 car free and clear. All my debts are in my name only.The loan for the house will be in my name, but the deed will be in both of our names. Presumably, if I died, she would be able to get the house in her name only which is our intention. Same thing if she died, I would be able to get the house in my name only.What can we do to insure Beth is not responsible for my other debts that were incurred before we were married if I die or become incapacitated?What other things can we do to minimize the financial burden on either of us if the other became disabled?
I am a divorce woman, with irrevocable beneficiary withView more family law questions
Hello,I am a divorce woman, with irrevocable beneficiary with survivorship rights for pension plan.So, my ex-husband has send me incomplete documents to signs about "Spousal Consent for XXXX (name of the company) Pension Plan.I do not understand what I have to sign.Thank You,Elsa