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Ruth Elaine McMahon

Ruth McMahon’s Answers

3,875 total


  • Question about claiming minor children as Dependent in the Tax return

    Situation: 2015 - Biological Minor child of the Tax payer -Immigrant visa Issued overseas ( 1st week of June) -Entry in the USA Mid of July - Green card issued and has social security number Can the Minor children be claimed as dependent ...

    Ruth’s Answer

    If the minor child entered the US with tax payer, the child is a dependent (unless there is a judgement of divorce that says otherwise). Be sure to have an accountant prepare your first US tax return because he/she can talk to you about other deductions, etc.

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  • If my LLC owes a virtual office money for 1 months worth of rent can they damage my credit report?

    I own a LLC and signed a contract as a representative of my LLC for a virtual office space. After i signed the contract they raised the price of the rent. If i refuse to pay can they mess up my credit score?

    Ruth’s Answer

    Probably - it sounds like you have a single member LLC. Since you signed the contract, you are responsible. There is probably something in the contract about raising rent. Read the contract to see what it says. You may want to consult a real estate attorney.

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  • What will I be financially responsible for?

    Hello in the state of Kansas am I responsible for my now ex wife's medical bills. She was admitted into the hospital and has had surgery while we were married but listed under my health insurance during the time. What financial responsibility wi...

    Ruth’s Answer

    It's doubtful that you are responsible for your ex-wife's medical bills. Please review yourJudgment of Divorce and settlement agreement. You should find your financial responsibilities in those documents.

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  • What would the relevant facts be if we were to marry in regard to my collecting Spousal Benefit instead of my low Retirement Ben

    I am 73 and started Social Security Retirement Benefit at 62. My benefit amount is minimal. My wife died in 2007. Her employment contributions are likely less, therefore I never asked for Widower Survivor Benefit. She died at 59 and therefore...

    Ruth’s Answer

    I suggest that you make an appointment with your local Social Security office. Present the facts, including SS#s. It might be wise to take your friend with you (since you are engaged to be married). Your benefits would increase if you marry, but only Social Security can provide the accurate information.

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  • Can she disclaim/transfer her share directly to us? How? Which State (AZ or WI) would we need to hire Estate Atty?

    My 83 yr old mother is one of two heirs of a very large farming estate in WI, of which there is a very large inheiritence involved. My mother has dementia (not legally diagnosed) and resides in AZ. Due to her age, competence and health, she pre...

    Ruth’s Answer

    Preparing and filing a qualified disclaimer is technical and should be prepared by an AZ estate planning attorney. Your mother cannot specify who receives the property because it depends on the document that gave the inheritance to her. Depending how the ineritance documents are drafted, you and your brother may not be in line for mother's inheritance. I'm not sure that you have to go to the lengths the trustee advised. This is why you need an attorney.

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  • I was informed that the better trust should be a Non-statutory trust. Should I go that route or the statutory trust route?

    I am in the process of getting my financial act together and forming a irrevocable trust.

    Ruth’s Answer

    You should consult an estate planning attorney. We do not hav enough information to advise you. However, It depends on individual circumstances whether an "irrevocable" trust is a wise choice.

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  • What can I do to get guardianship of him? How do I go about keeping him in my care for right now?

    I asked my sister for my nephew because I know she's living in a bad home. She gave me Kason and said she wants him back in a couple weeks or so.. I want to get guardianship and or custody of him. My sister is into drugs and hangs out with people ...

    Ruth’s Answer

    consult with a local guardianship attorney ASAP. This is not a do it yourself project.

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  • Can I access a block trust account in lad vegas do to what my kids need it holiday and it not a lot of money I'm on disability

    My kids was in car when with my cousin and back into a pole thinking it was in drive they was awarded 600 and I was wanting to no how to access so that they could use it now I'm on disability and there wanting things

    Ruth’s Answer

    If an account is blocked, you cannot get money from the account.

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  • How do we sign guardianship over from ine relative to another?

    3 years ago, my cousin was taken from his patents by DSS, due to neglect & parents using drugs He was placed with my mother as a Kinship placement and then she was given permanent guardianship. The parents still have visitation. My mother's...

    Ruth’s Answer

    a legal guardianship can only be given by the Court. Please consult a guardianship attorney where you live.

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  • Does DPOA of person signing a trust any rights to info on that trust.

    DPOA wasn't there when a trust was signed. I was a little late but I really don't think that a reading and signing of this trust or any trust can be done in 10 mins. Family members refused DPOA of lawyers name & number & info on trust. How would I...

    Ruth’s Answer

    A DPOA should not be present when a trust or will is signed. No one but the grantor of the trust, the witnesses and notary should be present. Documents are supposed to be read prior to coming to a signing.

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