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Illinois ChicagoErde, Michael H. attorney Find Lawyer Profiles is a Very good lawyer practice area in Bankruptcy / Chapter 11,Erde, Michael H.

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Erde, Michael H. & Joy Attorneys

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he cannot just cancel the contract and give money back. he promised to sell property so he must. now his estate must follow thru with the contract. dieing does not get one out of a contract.

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The lawyer may know of ways to handle the problem so it will not end up in foreclosure, by dealing with the bank, possible right to cure, short sale, etc., etc., etc., or what to do to lessen the financial impact after a foreclosure happens. . I think that it is great that you are concerned about your friend and not planning on throwing the friend to the wolves.. . Sincerely, speak with a real estate attorney as soon as possible since there may be avenues that you can take to protect the both of you before a foreclosure happens, or after the foreclosure.. . good luck to both of you

If your uncle is suffering from dementia, then your aunt can petition the court to have your uncle declared incompetent to handle his own affairs and she can be named executor.. . As for creating a will, I'm not 100% sure on this, but it is probably too late. In order to execute a legal will, one has to be of "sound mind" and if your uncle is suffering from dementia, he probably will not be considered of sound mind. If he dies, with or without a will, his wife is the automatic inheritor since she is his legal spouse. Automatic right of inheritance applies only to the spouse. If he dies instate, the estate will have to go through probate. More than likely the judge will rule with his wife getting a minimum of half and then any surviving children will divide the other half. If he has any personal items he would like to give to an individual, he really does lose his chance if he does not put his wishes in a will. At the very least, he should tell his wife and others what his wishes are so that there are witnesses. . With the baby boomers growing old, Elder Law is fast becoming a specialtyfor many attorneys. If you have any questions, you should contact an attorney who either does Elder law or Estate Planning or Probate.

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