While some states have buyer remorse laws, but there are no ‘seller’s remorse’ statutes.
Can a Spouse with Power of Attorney Quitclaim a Marital Home to His Name Alone Without Asking?
The answer to that question lies in the language of the Power of Attorney document that was signed.
Can I Add Some Additional Words to an Already Registered Company Name for My Own Incorporation?
In all states, if you wish to file for Corporation or Limited Liability Company as a new business entity, the name of the entity sought to be formed must be distinguishable from any entity already of record.
Does a Beneficary of a Will have the Right to Full Disclosure of All the Deceased’s Possessions?
It is the responsibility of the Executor to detail the inventory and distribution of all assets and expenses of an estate after the death of the Maker of the Will, and to follow the instructions for distribution of those assets as listed in the Will.
Does a Property Buyer Have to Honor an Existing Lease in a Short Sale?
A potential buyer or a new owner of a property — be it short sale or standard purchase — must honor an existing lease agreement unless that lease agreement specifically contains a provision for the termination of the lease in the case of sale.
How Does a Wife Take Over a Home Willed to Her When Only the Husband’s Name Was On the Deed?
In most states, a Probate Estate would need to be opened so that the probate court could issue an order transferring title to the sole beneficiaries’ name. Most states have an expedited or summary process if the assets to be probated are limited.
If I Am My Mother’s Attorney-in-Fact, Must I Share Financial Information About Her Accounts with my Siblings?
The Attorney-in-Fact named in a Power of Attorney document has an obligation to manage the business affairs of the Grantor in his or her best interest.
Typically, that means keeping personal, financial and account information confidential.
If Specific Dollar Amounts Are Listed for Distribution in a Will But the Estate Has Lower Value, How are the Assets Distributed?
A close examination of the specific language of the Will, as well as the type of property being made as bequests through the Will, is required to determine distribution.
How is Money in a Joint Bank Account Treated if it is Not Mentioned in the Decedent’s Will?
In most cases, money held in a joint bank account is owned equally by the parties whose names appear on the account. Upon the death of one account holder, the surviving account holder is the sole owner of the money in the account. Such jointly held money is not typically considered a part of the … Read more
Who Can Be the Statutory Agent for My New Corporation?
In a large number of states, an individual who is an initial Director of the Corporation also can serve as the Statutory Agent for the corporation.