When mental incapacity arises, attention is often directed to the asset management problems, but equal and sometimes greater problems related to health care decisions are also presented. Perhaps too much attention had been placed on the ultimate...
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Lawyers Weekly Newspaper dated 1/20/2020, This Week's Decisions: Where a plaintiff and his defendant brother own real property as joint tenants, a judgment should enter declaring that the defendant holds his interest in a resulting trust for the...
Legal News: Examples of Authority Usually Granted in a General Durable Power of Attorney (Part 2 of 3)
Examples of Authority Usually Granted in a Genearl Durable Power of Attorney: To make deposits or withdrawals from your bank account or cash management accounts or to open new ones in your name. To buy or sell your stocks, bonds or other assets as...
Copied from Lawyers Weekly Newspaper dated 1/20/2020 (This Week's Decisions Segment) Where a defendant who co-owns real property with the plaintiff, her son-in-law, as tenants in common has contended that the plaintiff does not have a statutory...
Documents called a Durable Power of Attorney and Health Care Proxy, which give authority to an agent which continues despite the disability or incapacity of the make of the power. It is a substitutue for a court-appointed guardian or...
So, what does all this mean to you? Fortunately, for the purposes of the new 10-year payout requirement, the rules for determining how beneficiaries are designated do not come into play until the death of the original account holder. This reprieve...
The SECURE Act allows most beneficiaries a maximum deferral of 10 years. Unless one of the following four exceptions to this new rule applies, the entire balance of the account must be paid out within 10 years of the original account...
On December 20, 2019, President Donald J. Trump signed the Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”) into law. If you have a retirement account and/or if you anticipate being named as a beneficiary...
Lawyers Weekly, "This Week's Decisions" dated 12/23/19 Where a judgment of divorce nisi granted the parties joint legal custody of their two minor children, the award of joint legal custody was not adequatey supported by the judge's...
Aretha Franklin left no will when she died at the age of 76, according to documents filed in a Michigan court, which could result in details of her personal finances being made public. In documents filed with the Oakland County probate court, Ms....
