Yes, you could - subject to some caveats - move assets to a trust after taking a loan on the asset. By taking a loan on the asset, I'm guessing you mean you've borrowed money that is secured by a lien on the asset.

The most common situation where this comes up is where a person... View More

The answer to this question is "it depends." It depends on whether you both own the house as joint tenants with right of survivorship, or whether you own the house as tenants in common. And it also depends on whether you have any estate plan documents such as a will, trust, or lady bird... View More

The restrictive language you mentioned in the deed may not be enforceable under Michigan law under Michigan Land Title Standard 9.1. I suggest you contact a title company to obtain a title commitment for the property. The title commitment will tell you what steps you may need to take (if any)... View More

This sounds like a dispute you have with the attorney about whether the attorney has completed the work you hired the attorney to do. If you are unhappy with your attorney's work, then I would first look to your retainer agreement with the attorney, if you have one. Your retainer agreement... View More

The right to make decisions about funeral and burial arrangements falls to the next of kin in a statutory order of priority. Typically, that would be: surviving spouse; surviving children; surviving parents; then surviving siblings, and so on. The right to be personal representative follows the... View More

Good morning. The situation you describe is not all that uncommon in the world of estate planning. Estate plans can be made for single people, married people, or unmarried people who are in long-term relationships or who are life partners. My suggestion would be to directly contact (i.e. by phone)... View More

If what you said is true, you could file a motion to set aside the judgment and request a new trial. But it would most likely be within the discretion of the court whether to grant your motion. You would most likely need to identify one or more legal errors that affected the outcome, and facts to... View More

If your deed was recorded, you can buy a copy from the office of the Register of Deeds for the county where the property was located. If the deed was not recorded, then you may have a problem. You would need to contact the seller if they are alive to get a deed, or possibly the seller's estate... View More

Not sure what you mean by "without affecting mortgage." It's not clear why it would matter to your mortgage whose names are on your bank accounts. In most cases a mortgage lender has no requirements of someone maintaining specific bank accounts while the mortgage is outstanding,... View More

The short answer is, yes, you have the right to control access to the house as executor of the estate, subject to two caveats:

(1) you don't have authority to do that unless you have letters of authority from the probate court; and

(2) your right to exclude others on on behalf... View More

By beneficiary, I'm assuming you mean there is someone named on the deed who is supposed to get the property when husband passes away.

The short answer to your question is yes, a court appointed guardian or conservator could sell the house with approval of the probate court. That... View More

It depends what you mean by "death notice" in a paper. If you mean an obituary, that is not enough. On the other hand, if by "death notice was posted in the paper" you mean a notice to creditors was published in the newspaper by a personal representative under MCL 700.3801 or a... View More

A petition and order for assignment is one of two Michigan small-estate procedures that can be used when a deceased's probate property is less than $27,000. The other is an affidavit for delivery of certain assets to decedent's successor. You would only use these procedures if the... View More

A lady bird deed is only effective to convey real estate. For the other items, they would need to be left to you in a will, or trust, or they would need to be yours under the laws of intestate succession if there is no will or trust. Probate may or may not be necessary depending on the... View More

Since you do not have a written contract, it is unclear what your legal rights actually are. Maybe you should ask this estate sale auctioneer for a written contract, and for the auctioneer to refrain from selling any more items without that. If you want to approve the price of items or reserve... View More

Good question. Whether you must pay income tax on your inheritance of US Savings Bonds depends on your individual tax situation, and can't be answered in this forum or given the limited information here. You should consult a CPA or tax attorney for more information. You can also find some... View More

If you are the parent of someone who is unable to handle his or her own affairs, you can file a petition for guardianship, and if there are assets that need protection, you can also file a petition for conservatorship. A guardian and conservator is someone who is appointed by the court to be... View More

Yes, a lawyer can represent a person with diminished mental capacity, if the person consents. Under the rules of ethics a lawyer should take whatever steps are necessary to allow a person with diminished capacity to participate in the representation as much as they are capable of doing.

A... View More

No, a simple trust does not have to be closed within 2 years of the grantor's death. But it appears you may have misread the question on IRS Form 1041. On 2022 IRS Form 1041 page 3, at question 8, it asks "If the decedent’s estate has been open for more than 2 years, attach an... View More

An "interested person" under Michigan law is someone who is entitled to notice in a probate case for due process reasons. Interested persons are notified of the proceedings so they can participate in the process if they want to.

From your question it sounds like you don't... View More