There's several options. You could do a petition and order for assignment, using SCAO form pc556. Or you could file an application for informal probate and appointment of a personal representative, using form pc558. Or you could file a petition for formal probate and appointment of a personal...Read more »
In the event of my husband's passing she was to sell the house and give all proceeds to his son. I'm not on the title of the house but since I am still married to him I have rights as his wife to put this in probate. She agreed and signed a contract to that effect. Since she has stated she will... Read more »
First, it depends on how the property was titled, i.e. whether you are on the title too and if so, how you hold title with your deceased ex, i.e. as tenants by the entireties, joint tenants, or tenants in common. Second, it depends on how far you got in your divorce. Did you try to divorce, and...Read more »
His adult kids live out of state & are next of kin. His daughter has stage 4 breast cancer and fighting for her life. She said she isn't interested and has no intention to fill out forms to get titles transferred from deceased Uncle's name. His son has no interest or intention either. The Mobile... Read more »
In short, yes. The persons entitled to an estate can all agree in writing to change the distribution of the estate, so it passes other than as would be dictated by a will or the laws of intestate succession. They can also renounce their right to be appointed personal representative, and nominate...Read more »
The decedent lived in Wayne County, MI. The Stock is worth approximately $2,500. He never updated beneficiary forms and the stock company needs to see that the widow is named the personal representative or see a small estate affidavit in order to transfer the ownership of the stock to her. Before... Read more »
#1: It shouldn't be necessary to open a full-fledged probate estate. First, widow could try using SCAO form pc598, Affidavit of Decedent's Successor for Delivery of Certain Assets Owned by Decedent (see MCL 700.3983). That might work if stock company will accept it. Or, if stock company will not...Read more »
What it sounds like you are talking about is a lady bird deed, otherwise known in Michigan as an enhanced life estate deed. A lady bird deed conveys a life estate, which is the right to possess and use property during one's lifetime, along...Read more »
I suppose it's legally possible, at least in theory, for one power of attorney agreement to be used for two people. But the custom is to have one agreement for each person. If you had a POA agreement with two people on it, you might run into trouble getting it honored by banks, financial...Read more »
It's in a seasonal campground and the park owner wants it renovated, removed or demolished. I want nothing to do with it. Also, the park owner misplaced my mother's lease. Can I take the belongings and walk away?
Yes. Even if mom’s will says the house is supposed to go to husband and brother, assuming she’s mentally competent she can still sell it to you and husband. If she does, then the house would no longer be part of her estate; instead her right to receive land contract payments as land contract...Read more »
A land contract is usually paid a little at a time. First, there’s a down payment. Second, there are monthly payments for most of the balance over time. Third, there’s usually a bigger lump sum payment due several (3-10) years later. When a land contract is made, the buyer has a vendee’s...Read more »
My brother retained an attorney to assist him with distribution of trust assets. He provided "accounting" that I disputed. A certified letter was set to the attorney per his (Trustee's) instructions in the paperwork with accounting. Going on three weeks and still no response from lawyer with... Read more »
No, the attorney doesn't necessarily have a duty to call you back. Under the trust code, a trustee has a duty to send certain information to qualified trust beneficiaries. That sounds like what you received with the accounting. If you are a qualified beneficiary of the trust, you also have a right...Read more »
My son's leased truck was repossessed a few months ago for two missed payments. Ford was unwilling to let my son make the payments and stood firm on the repossession. They have since sold the truck and are suing my son for $8000, the difference between what they say is the value of the truck and... Read more »
In short, yes. An automobile lessor can sue for a deficiency judgment under the lease. If it's in the contract, then that money can be collected in court. If your son wishes to contest the lawsuit, he would need to be able to articulate why he shouldn't be liable to the lessor. Does he have any...Read more »
Generally, no. Property of the your bankruptcy estate does not include any power that the debtor (you) may exercise solely for the benefit of [a person] other than [yourself], i.e. your child. See 11 U.S.C. 541(b)(1). Under Michigan law the funds in the UGMA account belong to your children, not...Read more »
My brother's wife suddenly decided to leave him right after going thru 5 IVF treatments trying to have a baby. She had met another man and moved to a different state to be with him. My brother had paid her the money they had mutually settled on in the divorce because it was going to be easy and he... Read more »
Generally, a divorce in Michigan isn't legally final until a judgment of divorce has been entered. But, Michigan law creates an exception to this in the Estates and Protected Individuals Code: a "surviving spouse" does not include someone who, for 1 year or more before the other spouse's death, (1)...Read more »
I just received a judgement against me for an outstanding auto loan that my ex husband was suppose to take care of per our divorce decree. I financially cannot afford to pay for this with my current car payment and other bills I have. I have been told that I could file bankruptcy for this but my... Read more »
No, when you file bankruptcy you have to list all of your debts. However, the damage to your credit from bankruptcy is only temporary. If you pay your bills on time after you get a bankruptcy discharge, your credit score will probably go back up again relatively quickly, because your debt ratio...Read more »
Creditors would not be able to go after the house owned by spouses as tenants by the entireties, unless both spouses were liable on the debt. But note, in a bankruptcy it would be the bankruptcy trustee, not creditors, that might do this.
As always, you get what you pay for. Be sure to...Read more »
My husband and I met a Realitor who helped us find a house. We gave her a deposit and app fee. We never heard back from the Agent with an approval or denial. We found out that the money order was cashed, and we still have not received keys, approval, or a denial. Is this illegal? Do we have a... Read more »
It sounds like you're talking about a Realtor who helped you to find a rental home, as opposed to buying. It may not be illegal for the Realtor to cash the check. The Realtor, whether an agent for the landlord or for you, holds the funds in escrow/trust. But if you have not been approved for the...Read more »
It depends on whether the prior probate was informal or formal.
If the probate was informal, then there hasn't been a judicial finding about whether the person had a will - the facts in the application for informal probate were presumed to be true. If you come forward with the...Read more »
My significant other died in January before he could sign the latest will we had prelared, so I was told everything would go to his only child, his daughter, unless I could find the hand-written will he signed in 2015 and then we would open probate. After I found the will, I was told to keep it... Read more »
So it sounds like you found the hand-written 2015 will? If so, the will may have legal effect, since holographic wills can be enforced in Michigan. The decision whether to open probate depends on the assets of the estate, and the purposes that would be served by having a personal representative...Read more »
Assuming you were in informal probate, assuming you have letters of authority that are unrestricted as to your powers, and assuming you're the heir/devisee who is entitled to inherit the house, then you could sign a personal representative's deed conveying the house from the estate to yourself. The...Read more »
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