My great grandpa dies back in September 2008 and my uncle was labeled as the trustee and he has simply diluted what was give to me to other family members with in his family also ive been alienated from the family since the passing of my great grandpa. My great grandpa lived in Wisconsin and his... Read more »
Went to a nursing home for an extended period of time-all property assets used up except for assets in will for son/daughter/grandchildren-will was made out before he went into nursing home-are the values in the will still the values to be distributed according to his wishes- are will assets... Read more »
In general, a will is the written documentation of the intent of the testator. If the assets are gone, it is unlikely that they could be distributed according to the will. A lot depends on if they are percentage distribution or specific monetary values. I would contact an attorney for a review of...Read more »
Passing a durable power of attorney (POA) generally requires a new POA to be executed by the principle, and based on your state this POA needs to be notarized, signed in the presence of two witnesses, or both.
He had no spouse, only 3 children. He left only his personal belongings, some of which have monetary resale value, others sentimental value (no bank accounts, etc). All of his personal belongings were moved to one of my sister's houses when we moved him into a nursing home 2 years ago.... Read more »
Although personal property like this might be distributed by affidavit (if such procedure is available in your state) you need a court order to get the items from your sister. Call an attorney in your state who does probate matters.
The primary distinction is that formal administration is overseen by a judge whereas informal administration is overseen by the Register in Probate. If there are going to be issues that must be decided by a judge (contested will provision, for example), then formal administration is the way to go....Read more »
MY FRIEND LOST HER GRANDSON IN THE ARMED FORCES, WAS LISTED AS A BENEFICIARY ON HIS LIFE INSURANCE POLICY. IS HER HUSBAND ENTITLED TO HALF OF IT, OR IS IT PROTECTED UNDER WISCONSIN STATUTE 815.18 (2)(5K)? EXCLUSIONS OF MARITALL PROPERTY IN THE STATE OF WISCONSIN
Generally, proceeds from a life insurance policy will be considered individual property, rather than marital property. However, it is possible for individual property to lose its status as individual property if it gets mixed with marital property.
The answer to this question depends on a few things: 1-the size of the entire estate, including life insurance, IRAs, real estate, etc. If the estate was large enough to have an estate tax, then the tax will have to be paid before you get the property. 2- what year did the decedent die? This is...Read more »
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