My adult brother has no income save my parents' monthly stipend. He is unable/unwilling to work. When they pass away, if he receives half their estate (which is not super large), he is likely to spend it all at once and then be without income or means of support. I am asking my parents to change their will to give my brother support for the longest time, so that he is not disabled and homeless on the streets as an older man, and so that I can minimize the impact on my own finances. What kinds of trusts or other legal mechanisms exist to help with the long term financial stability of a legally "competent" but life-skills-wise not competent adult? [more inside]
Do we need a lawyer to deal with a small probate estate case in Illinois? [more inside]
What do I need to do to make sure all my affairs are in order in case I die? I have no kids and don't own property. [more inside]
What questions should my partner and I ask my brother and sister-in-law before we agree to be named in their wills as the legal guardians of their young son, should anything happen to them? [more inside]
My dad died intestate, in Indiana, in 2003. My mom took all of his estate. [more inside]
My aged parents are planning to cash in all their stocks and put them into an account in my two brothers' names to reduce the amount of money payable in fees to the government upon their demise. They have told me, more or less, not to worry, and not to doubt the good intentions of my siblings. How to respond to this? [more inside]
In the event of our untimely demise, to whom shall we leave the children? [more inside]
Is it legally and medically possible to set up something in a living will so that the surviving spouse can harvest eggs/sperm from the comatose spouse in order to (potentially) produce a child later? Plus bonus living will questions inside. [more inside]
My father and mother recently named me as executor of their modest estates. However, as I have no experience with this, they believe it may be helpful for me to have a co-executor, and my father has set up a meeting with a lawyer in Boston. (My parents live in Virginia, and I live in New York). Can anyone offer insight into what questions I should ask the prospective co-executor, or what the possible pros and cons are for having a "professional" co-executor?
Relative C receives power of attorney over Relative A. Relative C wants to change the will. Relative A, on her good days, agrees. Their lawyer won't let this happen, claiming conflict of interest. What to do? [more inside]
Inheritance question: what can you do when a parent backs away from a signed agreement to distribute funds? [more inside]
If a person has a trust and then dies, does the executor HAVE to disperse the assets as instructed in the trust/will? What's to stop him from just keeping everything, or rearranging the distribution? I was recently left a piece of property, but I am worried the executor (my brother) will try to sell the property to pay the estate taxes rather than dipping in the brokerage account (which was left to him). Or would there be another, separate account dedicated to paying the estate taxes? My brother is not entirely honorable about these things, and the brokerage account far exceeds the value of the house. Does anyone know how much latitude he has?
Leaving Money to Drug Addicts Filter: My parents have re-written their will, which leaves all of their assets equally to myself and my step-brother. Considering that my step-brother is a drug addict (we also believe that he is a dealer, though he has yet to be arrested as such, so we don't know for sure), this becomes very complicated. [more inside]