co-executors, They have about $10000 in the bank, a reverse mortgage (we don't want the house) and an ira worth about $30000 which we are both named as beneficiaries. We both don't want to be executors or do any probate filings or notifying anyone of anything. Are we legally required to?
Yes you are. There will be no way to get those assets (house and bank account) out of their name (besides the IRA) without going through the Probate Court. It is required that you file the proper forms and pay any fees due. If you fraudulently transfer any of these assets (besides the IRA) to...Read more »
If it has been 2 years and nothing has been processed properly through the Court, I would recommend writing the Court and asking for a status conference. If granted, the Judge will ask the Executor (your sister) to file an update on why the estate hasn't been finalized. They may even hold a hearing...Read more »
Renters insurance doesn't protect your personal liability to the landlord, only if she names you on the policy will you be protected if someone is injured on the property or items are stolen, or flood/fire etc depending on the extent of the policy.. If she doesn't pay the rent, you are likely the...Read more »
I requested to review Personal Loan documents before the closing (not the day of the closing) as I have vision problems and would prefer to read the documents electronically (preferably in pdf format) to enable the ability to zoom in on small text. They responded that I would not be allowed to... Read more »
How did you determine that you are below 78%? Based on the original appraised value of the home? If not, then that may be why. Also sometimes there are conditions which state another event must occur before PMI will be released. Look to your mortgage documents for that. Sometimes you just need to...Read more »
I have owned my home since 1992. From 2001 - 2012, my partner and his 3 children lived here and we shared all expenses. I re-mortgaged to pay for an addition and a pool. We are no longer a couple due to his alcoholism, and no kids here anymore. He has not paid any money for living expenses for 3... Read more »
If he does not own the property and he has no lease with you and has not paid or contributed to household expenses evidencing some sort of agreement that he stay, then I would call the police as he is trespassing.
I want to stop the sale of my aunt's home. She passed away and didn't have a will I was living with her for several years and she was my legal guardian at a point. Do I have any rights? Is there anything I can do?
You can go to the probate court where the estate is being probated and state your case to the judge. If you are not an heir and have no right to assets of the estate, then i'd say you're likely out of luck. If you live there without a lease agreement then the estate administrator likely has the...Read more »
it is a big dump type truck with a big snow plow on front. it doesn't run to my knowledge. i don't think he owns it and i don't know where they are living now to get in touch with them. it has been here for over a year. they were living in my house until i tossed them to the curb 5 months ago.
Buyer highlighted things she wanted addressed in inspection report. We addressed each item say what we would fix and what we wouldn't. The buyer never responded and it's now past the date, what happens next?
I just graduated college and got a salaried job. My fiance is currently in school and will be finishing nxt year. We want to start a business on paper so that we can invest in other businesses. We want to eventually purchase a car wash. We're interested in purchasing 3family duplex to generate some... Read more »
Generally, no you're not liable for the mortgage. However if you were added to the deed after the mortgage was given, the mortgage comes before your interest in the property so to keep the property you would have to make payment/refinance and take over the loan, or sell and pay off the loan....Read more »
We both contributed money to the renovation of my home. My boyfriend, I believe, is legally considered a tenant. He pays me rent every month and I pay for everything else. We are separating and he wants me to compensate him for the money that he contributed to the renovations. 1.) Do I have to... Read more »
You need to consult with an attorney on this. You have too many specific questions to get a legal answer online. Attorneys will not feel comfortable providing answers that you may follow through with without getting the full facts and circumstances. This can turn into a complicated situation so my...Read more »
He has cerebral palsey but had always handled his own money, maunly stock holdings given by his father. His father and mother have passed, his sister and bro in law now control his money in a trust. He has grown unhappy with this arrangement. Can he regain control over his money, apparently between... Read more »
This question requires much more information to give a good answer. 1. it depends what type of trust. is it revocable, irrevocable, is it a special needs trust? 2. is your friend on government benefits? if so he would not want to have control over the assets as he would likely be disqualified from...Read more »
Generally i would say that this would be a countable asset of the grandparent. However, there may be some ways to transfer it to the child and argue to DSS that this is valid. However, that may not always work. More research would need to be done on the situation to give a better answer. For that...Read more »
Can he stated I'm not allowed to drive the car in both our name or co m e an arms distance to the rental property we own and deposit our joint taxes in our account but not spend a dime without his permission.
Your question is not fully clear so my answer is conditioned upon my reading of the question. When you say "revoke my power of attorney" that to me means you have executed a power of attorney instrument for yourself, naming someone as your agent. If that is the case then no he cannot revoke a...Read more »
Go to the local probate court in the town/district that your mom lived in as of the date of her death, or where she owned property as of the date of her death. If that was where the estate was probated you should find all of the court filings there and can determine who probated the estate. Has a...Read more »
I had quit claimed the deed to the two family house I owned in CT to my mom who lived in NY and she mortgaged it in her name. I had lived on one floor and rented the other to cover the mortgage as I always did, with leases in my name and checks paid to me that I transferred to her acct to pay the... Read more »
This is a complicated situation. First, it does not seem that you have a valid lease with the tenants. If your mom is the owner of the property (by law the QCD transferred it to her so you no longer own it), then the lease would have to be between your mom and the tenants. Second, since you do not...Read more »
Generally no. Once the final accounting is submitted to the court, the court will notify all beneficiaries that they have a right to a hearing to appeal or contest the approval of the final account. If no one asks for a hearing or disputes the final account, the court will approval. If the court...Read more »
Having access to an account is much different than being a joint owner on the account. So, this bit of information would need to be clarified before you can get an accurate answer to your question. Additionally it would need to be known if he had any other assets in his estate at the date of his...Read more »
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