Estate Planning Questions

1. In-laws are building addition on my home to care for father-in-law with dementia, do they have a right to do that?

   Your question is unclear to me. I gather (although I am not sure) that your in-laws will pay for an addition to your house. That addition will be used for housing for some member of the family who needs care. You and your wife (I assume that is the "we") will be the main caregivers.
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2. Will life insurance pay you if you suddenly die from nothing or old age?

   Life insurance covers death from whatever causes the policy provides it will cover. Normally, life insurance covers death from almost all causes, including old age, heart attack, being hit by a car, etc. However, some life insurance policies exclude death caused by suicide...
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3. Why would my step-father now create an affidavit for a property already included in a trust?

   You want to know why your step-father would create an affidavit for property already included in a trust. I cannot tell you why. I do not know what type of affidavit he prepared. Nor can I speculate on why he did so. Most importantly, I do not know the terms of the trust...
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4. Can our family sue my brother after illegal sale of Mom's home?

   You want to know if family members can sue your brother for allegedly illegal selling your mother's home. I cannot give you a definite answer, only some pointers. The first thing you have to decide is whether you are willing to pay money to hire a lawyer. If you want to sue your bother, you'll need a lawyer...
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5. SALE TAXES RIP OFF

   please someone give me an answer who is going to answer this for me.
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6. Are family corporations a good or bad idea?

   It's one way parents can pass along property to children. But be forewarned: There are complicated rules about gifting shares in private corporations. You are all on safe ground if your parents properly valued those shares and reported the gift of those assets to the IRS if they were above the annual...
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7. When there was no estate planning what happens to the estate?

   Because your grandmother died without a will—or “intestate” in legal jargon—her property will be distributed according to the formula set out in state law: mostly likely, divided equally among the surviving four children.
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8. I am the youngest can I be the power of attorney and own the house?

   Your are the youngest of four, and your father wants you to have his power of attorney and to put his house in your name. Can he do this?
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9. What does my dad need to do to make me the new owner of his old house?

   You ask what your dad needs to do to make you the owner of his old house. The answer is he can simply give it to you. To do that, he needs to prepare a deed transferring legal ownership of the house to you, and have that deed notarized. Then he must record that deed at Recorder's Office for the county where the house is located...
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10. How do you divide a family farm when there is a step child involved?

    How does a couple divide their property when they have children, and one spouse has a child from a prior marriage? The answer is that there is no one answer. The couple has to decide between themselves what they think is fair and reasonable. There is simply no rules for doing this.
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11. Can a will alone cover my dad's estate planning needs?

    For many people who have straightforward property ownership and straightforward plans for how they want the property they own divided when they die, a will may be sufficient to do cover that task. This is true because many assets, such as retirement funds and often bank and other accounts, can pass directly...
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12. How do we preserve my deceased father's estate when my mother remarries?

    It depends on what your parents' estate plan says about who controls the property that your father left behind. If he left it all to your mother, then what she does with it is her business, and not yours. And if you are your mother's financial agent, acting under a power of attorney that she signed,...
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13. How should my father balance estate planning, tax planning, and Medicaid look back rules?

    To sort out these competing issues, your father first needs to figure out his estate tax situation. The federal estate tax doesn't kick in for estates under the $2 million threshold, so he doesn't have to be concerned about federal estate taxes...
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14. Property Question

    My Mother In Law recently passed away. Devestating end to a long illness, of which I've been there for. My husband has inherited property, and I'm unsure if I should push to be on the mortage as well. We were recently married, and if I am not on it and he passes away, do I lose my home?

15. my mother passed away both of our names were on the deed how do i remove hers

    my mom has passed the house is in both of our names. The house is payed for so how do i remove her name and add my husbands.

16. What happens to an estate in Georgia when the wife murders the husband?

    does the wife have legal rights to the estate? My wife and I are looking at a piece of property in Georgia that is up for sale next to my in-laws. The problem is I am not sure who has legal rights to the house due to the fact that the wife shoot and killed the husband. Does the wife lose all rights in the estate...

17. Money in 401k left to father's estate...tax liability 35%? Helpful info?

    What's the best option?

18. my dad died six weeks after his mum who now will get his inheritance

    he has three sibblings will says divided between the four he outlived his mum but didnt have time to inherit

19. inhearitance

    my grandma died 2 years ago and had a will leaving everything to uncle alvie which was her downsindrome son and he was to get everything till he passed away then her eastate and everything was to be devied by all her children and if any of them had passed if they had kids they got that childs inhearitance...

20. My mother passed and left her estate to be divided equally

    My sister is the personal representative, however, she's moved on to the property, which is paid for. She's declaring that since I have paid no money toward a $600.00 a year property tax in Alabama, that I do not get my share of the inheritance. Is she right or wrong?