Ruby, MI Estate Planning Law Firms & Lawyers

Well, you can give property and assets away to children prior to your death, but it is unwise to do so without thinking it through. The following issues should be considered: 1. Is it the right thing to do for each child? 2. Are you concerned about the loss of the basis step-up you create by these gifts? 3. What is your gift tax position? 4. What kind of assets are you considering gifting? 5. What is the purpose of gifting prior to your death? 6. Have you considered the implications of gifting on your possible future need for long term care? Each of these issues must be considered alone and together prior to pursuing any gifting strategy. A lawyer who specializes in estate planning can assist you further.

More information is needed. It really shouldn't be possible for one owner of real property to be separately liable for a loan secured by the property. Someone needs to review the deed(s) and trust deed relating to the ownership and the loan.

If an executor or personal representative was appointed, you should make written demand on him or her. If there was no probate proceeding, and no personal representative appointed, then your sibling has your personal property, and is holding it without your consent. If he/she refuses to give you your property, make a written demand, and keep a copy. If the refusal persists, you can bring suit against your sibling.