Questions & Answers
Can We Divide Sale of Our House Equally Between Two Sons?
My husband and I own our home in Illinois. We would like to have our two sons divide the sale of the house equally when we both pass on. Do we need to put our home in a trust? Other family...
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- estate planning
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- probate
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- trust
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- life estate
Can Financial Companies Refuse to Honor My Parents' DPOA?
My parents have a durable power of attorney (POA) executed, but some of their financial companies are not honoring this and request their own forms to be used. These forms, however, have the statement that they "reserve the right, in...
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- Estate Planning
Is a POA Still Valid if I Moved to Another State?
I have a revocable trust that was made in Michigan in the year 2000. Within the trust, I have durable power of attorney over my spouse, who is suffering from dementia. I now live in another state. Is my POA...
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- Estate Planning
Should I Be Joint Owner of My Sister's Checking Account?
My sister asked me to be joint owner on her checking account. Will being a joint owner open me up to liability to pay any debts not covered by the joint account? Specifically, are my personal finances and property outside...
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- joint account
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- estate planning
Is My POA Valid If There Is Also Another, Earlier POA?
I have a power of attorney (POA) dated after another POA. Is mine the one that is valid because of it having the most recent date?...
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- estate planning
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- power of attorney
Can I Keep the House and Get Paid If I Cared for My Mom?
If the will states for property to be sold and divided up between the kids, but one child lived with mom the whole time, took care of her for many years, and took care of the house, how do they go about keeping the...
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- estate planning
Can POA Keep Friends From Seeing You When in a Nursing Home?
Can a power of attorney keep friends from seeing you when in a nursing home?...
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- senior living
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- estate planning
What Is the Usual Cost Annually for Maintaining a Trust?
What is the usual cost annually for maintaining a trust?...
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- trust
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- estate planning